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Level 1
December 6, 2019
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I need some assistance with depreciation. Sold assets in 2016 and now have a debit balance in Accumulated Depreciation. The bank is freaking out.

  • December 6, 2019
  • 2 replies
  • 10 views
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Best answer by abctax55

Did you process the sale thru the depreciation screen(the # depends on type of entity), or thru screen 17?

2 replies

George4Tacks
Level 15
December 6, 2019
What do you mean by now? Was the balance sheet correct on the 2016 return?
Answers are easy. Questions are hard!
abctax55
abctax55Answer
Level 15
December 6, 2019

Did you process the sale thru the depreciation screen(the # depends on type of entity), or thru screen 17?

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