NSBS
Level 2

According to what I'm reading online, ProConnect Tax can be used to track depreciation and will generate three current year and three next year depreciation schedules (for regular, AMT, and book); I assume regular is MACRS. Well, I have a new client that I entered two new 2021 assets for; they are a Schedule C client and have no other assets. One of the issues I'm running into is that the MACRS depreciation is populating on the schedules. However, I'm not seeing where to enter the current book depreciation that is in their books so that it can populate in the schedules. If this software can be used to track depreciation then I would like to use it to its fullest capacity. This is my first time using the software to perform this task, so there is a possibility that I'm missing something. Please help. Thanks.