remcpabsg
Level 2
09-11-2021
10:19 AM
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Entering data for new client with prior fully depreciated assets; Proconnect is calculating a Post-86 Adjustment for a fully depreciated item from 2008 with 5 year life. Even with Auto limits, all depreciation taken well before current tax year. What is triggering the Schedule K Line 17a? Thank you.
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Level 11
09-11-2021
10:51 AM
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You didn't enter an amount for prior AMT depreciation allowed.
remcpabsg
Level 2
09-11-2021
11:07 AM
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Thanks. I must have missed that section.