I am hoping that someone can either explain or confirm a possible bug in TurboTax Business.
Our business purchased the copyright to some software this year. We want to depreciate the copyright per Section 197 as an Intangible Asset over 15 years.
Using the Federal Taxes/Deductions/Depreciation of Assets we enter the information and it correctly calculates the depreciation amount and displays the Form 4562s. Unfortunately, it does not seem to transfer the deduction to the summary page, or the balance sheet, after hitting the "Done" button. (Tangible Assets do work properly.)
Is this a bug or a feature?
