paltax
Level 1
07-08-2020
06:45 PM
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George4Tacks
Level 15
07-08-2020
07:09 PM
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Screen 22 = Depreciation
Screen 29 = OIH
Answers are easy. Questions are hard!
paltax
Level 1
07-08-2020
07:53 PM
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that is a bit vague. In screen 29 is it an override?
In screen 22 there are over 100 assets,and the net change is attributed to many of them. I do not see a general place to enter the total adjustment.
TaxGuyBill
Level 15
07-08-2020
10:01 PM
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Catching up on depreciation by using Form 3115 is listed as a "§481(a) Adjustment" as an "other" expense. The "other" expense is on Line 22 of Form 8829 or Line 48 of Schedule C.
paltax
Level 1
07-08-2020
10:04 PM
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That is helpful - thanks!