jasontran
Level 4
02-26-2020
08:04 PM
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Hello,
I want to record a non depreciated asset such as security deposit. On partnership return depreciation asset worksheet, there is no option to record this security deposit amount. Can someone help me find it? I know depreciation asset worksheet on schedule C. The drop down list, there is an option X Non depreciated asset to record this kind of thing. But not on partnership depreciation worksheet.
Thank you,
jasont
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sjrcpa
Level 15
02-26-2020
08:06 PM
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Just put it on the Balance Sheet as Other Asset.
The more I know the more I don’t know.
Level 10
02-26-2020
10:59 PM
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Security deposit is not a depreciable asset... just like inventory, accts rec, prepaid expenses, etc. You didn't try to put them on a depreciation schedule did you?
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jasontran
Level 4
02-28-2020
07:55 AM
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no i did not.
jasontran
Level 4
02-28-2020
07:56 AM
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Thank you sjrcpa
sjrcpa
Level 15
02-28-2020
12:28 PM
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You're welcome.
The more I know the more I don’t know.