Opfor77
Level 4
03-11-2023
06:48 PM
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Never used this software for a 1065 before. Assets were transferred from a Sch C to a 1065 in December, 2022. No income to show for 1065, but 1 month depreciation of the assets is $956. Partner's capital accounts on Balance sheet is showing -$956, but nothing is being generated in the balance sheet for depreciated assets, or accumulated depreciation. Why? Nothing is showing anywhere on balance sheet assets.
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