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Level 2
February 19, 2023
Question

How can I change depreciation from 1120S line 21 to form 8825 line 14?

  • February 19, 2023
  • 1 reply
  • 15 views
this is my first year with Proseries.  It copied the depreciation from my old tax service but it is not showing on the right form.
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1 reply

Level 10
February 19, 2023

Re -enter the assets on 8825. Sorry to say that I have never found an automatic way to move assets from one form to another.

 

 

Level 15
February 19, 2023

@jeffmcpa2010 wrote:

Sorry to say that I have never found an automatic way to move assets from one form to another.


 

I have no idea if this is also available for a 1120-S, but for 1040s you can do it.  Open the asset, go to the top menu bar and click "Forms", then "Change Activity".

 

 

Level 10
February 19, 2023

Well what do you know....

I never knew that trick for 1040s before. Thanks Bill

Of course in the time it will take me to remember, and figure out how to do it, next time it comes up, I might be better off just entering all over again.