topic Depreciation & Amortization - 1120S / 4562 in Business & farm

Depreciation & Amortization - 1120S / 4562

SaltyCracker — Sat, 04 Apr 2020 05:24:44 GMT

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!

Re: Depreciation & Amortization - 1120S / 4562

Anonymous — Sat, 04 Apr 2020 06:48:57 GMT

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.

Re: Depreciation & Amortization - 1120S / 4562

SaltyCracker — Sat, 04 Apr 2020 14:38:15 GMT

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!