JeffreyR77
Expert Alumni

Business & farm

When you begin your S-Corporation return in TurboTax Business, you will have the option to import data from Quickbooks. 

 

If you have asset information in Quickbooks, you will be able to import it. 

 

Otherwise you you can enter it manually. 

 

Your previous CPAs may have expenses assets valued under $2,500 instead of depreciating them which could account for why there is no depreciation entries. 

 

You should verify what was expensed as office expenses, supplies, and other miscellaneous expenses prior to adding assets to your depreciation lists of assets.