AWP08
Level 1
04-20-2021
12:26 PM
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sjrcpa
Level 15
04-20-2021
01:14 PM
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Depreciation expense.
The more I know the more I don’t know.
qbteachmt
Level 15
04-20-2021
01:33 PM
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Did you see your Help articles:
https://proconnect.intuit.com/community/individual/help/federal-form-4562-not-generating/00/115169
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Employee
04-20-2021
01:42 PM
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You can setup assets that take 179 on screen 39.
sjrcpa
Level 15
04-20-2021
01:55 PM
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And I wouldn't for nonprofit. They don't need quick tax deductions since they don't pay tax.
The more I know the more I don’t know.
qbteachmt
Level 15
04-20-2021
02:10 PM
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That's exactly why I posted the First Link First. It tells you:
"Why am I not getting a 4562 nor special depreciation with my 990/990PF return? I have entered depreciation on Screen 39.
Form 4562 is not required for Forms 990/990PF since the depreciation is a book deduction and not a tax deduction."
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Don't yell at us; we're volunteers