Solved
No activity on Schedule C last year - I overrode depreciation and had it at zero
One of my clients did not operate his business in 2022 due to the lingering effects of Covid - He is back to work.
I removed the assets so there would be no depreciation in 2022. My question is, when I re-enter the assets how do i get the program to reflect there was no activity (and therefore no allowable depreciation) for 2022, and have PS properly calculate 2023 depreciation correctly?
Am I overthinking this? Should I just re-enter the assets and have the 2021 ending accumulated depreciation entered as the 2023 beginning accumulated depreciation?
