Can TurboTax pull in the Asset, Depreciation and Amortization records from a prior year 1040 (for Schedule E depreciation), into an Estate Return 1041? Or...do I have to enter them all separately from the prior year 4562 into the 1041? Many thanks....
You'll need to sign in or create an account to connect with an expert.
You will need to enter the assets and accumulated depreciation from Form 4562 into the new entity. There is no transfer function in TurboTax. Plus, you will be using a different version of TurboTax for the Estate (TurboTax Business).
You will need to enter the assets and accumulated depreciation from Form 4562 into the new entity. There is no transfer function in TurboTax. Plus, you will be using a different version of TurboTax for the Estate (TurboTax Business).
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Missy_Goulet
New Member
eric_
Level 2
fourpt
New Member
rick-rose1
New Member
Lowkey5
Level 1