Futch2010
Level 3
3 weeks ago
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I have a client partnership return I'm working on and the Schedule L is out of balance by the amount of current year depreciation. On the accumulated depreciation line on the Schedule L, it is not calculating the current with the previous year amounts. It is only rolling forward the beginning year to the ending year balance which makes my Schedule L out of balance. Am I overlooking something?
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dascpa
Level 12
3 weeks ago
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There is no issue with the software. Get rid of the auto populate for accumulated depreciation and manually enter it. FYI - mine has worked with the auto entry when used.
msmith7305
Level 7
3 weeks ago
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Did you check the box in the are below the balance sheet to say that tax and book depreciation are the same?