itonewbie
Level 15
03-24-2023
04:14 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
@ThatTaxGuy wrote:
My guess is that you mean that even though only 6 months of depreciation was taken, in 2023 ProConnect will see the depreciation to be taken that year, as if a full year of depreciation was taken in 2022. Correct?
Nope. It's better than that. 2023 ProConnect Tax will have all of the accumulated depreciation through 2021 + 2022 depreciation allowed on the return. You will see these details on Next Year Depr. (Regular).
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar