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posted May 4, 2022 8:54:25 AM

What makes up current year accumulated depreciation for form 1120 form L line 10 b from the Turbo Tax "Depr By Form" totals? Accumulated and Current Depreciation?

Are Section 179 deductions counted as accumulated depreciation for form 1120 form L line 10b?

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1 Replies
Level 15
May 4, 2022 10:14:29 AM

all prior year depreciation including sections 179 and 168(k)  and current year depreciation.  however, if you use different depreciation methods for book and tax then schedule L reflects book depreciation.

 

 

depreciation can show up on line 20 of page 1 and/or lines 4 and/or 5 of form 1125-A.