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silverfox
New Member

Prior yr depreation

I am using turbo tax 1120S for first time how to enter prior yr deprecation.  I have information from

CPA for 2017 with all information but there is no place in 1120S to enter prior deprecation that I could find. Need help to enter information to carry it over to this year.

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4 Replies

Prior yr depreation

You can enter the prior year depreciation in Step-by-Step or Forms Mode.

 

In Step-by-Step Mode, you have to enter an asset first (Federal Taxes tab>>Deductions, then click the Start button to the right of Assets under Depreciation of Assets). Proceed all the through the section and then answer "No" if the prior year depreciation is inaccurate (see screenshot).

 

asset1120s.png

 

Prior yr depreation

The screenshot below illustrates where you can change the prior depreciation directly on the form in Forms Mode (Federal Asset Entry Worksheet).

 

asset1120sforms.png

rfrantz1
New Member

Prior yr depreation

I am trying to amend my 2016 taxes

How to

MayaD
Expert Alumni

Prior yr depreation

Please check the link below for information on how to amend your 2016 return.

How to amend (change or correct) a return you alre ...

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