MarkWinfrey
Level 2
08-26-2020
04:37 PM
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Where in the 1120s settings is the option to move listed property to a separate schedule and off form 4562?
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TaxGuyBill
Level 15
08-26-2020
05:47 PM
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Off of Form 4562? Isn't Listed Property required to be on Form 4562?
MarkWinfrey
Level 2
08-26-2020
06:10 PM
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Yes, but your can reference a separate schedule on form 4562 for the listed property so you don't have 20 pages of form 4562. I know where it is in Pro Systems and Ultratax, but I can't find the setting in Lacerte desktop.
sjrcpa
Level 15
08-26-2020
07:32 PM
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I am not aware of a setting in Lacerte. If someone else does, I'll learn something.
The more I know the more I don’t know.
George4Tacks
Level 15
08-27-2020
12:51 AM
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If you are referring to the depreciation schedule, you could use the Category [O] to create a category such as LISTED that would show up as a separate group.
Answers are easy. Questions are hard!
