Business Assets

[Talonunlimited18]

I entered my assets but they still show up as 2017. I dated them 2018. How do I get my 2018 assets to show in the 2018 column?

[Spino]

My guess is that you are entering the assets in the table for previously acquired assets. New assets need to be entered using the asset entry dialogue or on the appropriate form for new assets. They will then show up in the table carried over into future tax years with the right class life, previous depreciation, etc.

[Carl]

When you completed your 2017 tax return using TurboTax 2017 and entered your assets, that would the "ONLY" time you actually "enter" that asset. It gets automatically imported into the 2018 return. Then, the only way you would "enter" an asset on your 2018 return would be if you purchased a "new" asset in 2018.

So "exactly" what is your situation here? Did you "in fact" purchase new assets in 2018? Or are you incorrectly and unnecessarily re-entering the same exact assets you entered on the 2017 tax return?