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SaltyCracker
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Depreciation & Amortization - 1120S / 4562

My total depreciation & amortization on the "Business Asset Summary" page ($54,062) is not matching the actual expense amount on the "Your Deductions" page ($49,275), and it's throwing my income reconciliation off.  The amount is off by the amortization figure. Thanks for the help!

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2 Replies
Anonymous
Not applicable

Depreciation & Amortization - 1120S / 4562

deprection goes on the line for deprecition line 15 but amortization goes on the other deduction line - line 19.  this should be done automatically by TT. 

SaltyCracker
Returning Member

Depreciation & Amortization - 1120S / 4562

Thank you! Yes, I just opened the form and added it manually, but for some reason it wasn't populating automatically : ) Gotta find those work-a-rounds!

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