Where would I input the Depreciation expense amount and "Taxes & Licenses" amount in Lacerte

Forum|Forum|6 years ago
December 7, 2019
3 replies
27 views

In the expense section of a Client's Profit and Loss Report, They have a "Depreciation Expense" amount and a "Taxes & License" amount. Where would I input these said amounts?

Lacerte Tax

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Best answer by George4Tacks

Assuming 1040 Schedule C -

Depreciation link is at the very top of Screen 16

Taxes & Licenses can go in Taxes and Licenses (4 choices there)

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Your previous question was about Partnership

Depreciation - Screen 14

Taxes & License - Screen 13 - Either Licenses and permits OR Taxes (6 choices here)

M

mojocpa

Level 6

Which module? Are you talking about book or tax depr?

George4TacksAnswer

Level 15

Assuming 1040 Schedule C -

Depreciation link is at the very top of Screen 16

Taxes & Licenses can go in Taxes and Licenses (4 choices there)

-------------

Your previous question was about Partnership

Depreciation - Screen 14

Taxes & License - Screen 13 - Either Licenses and permits OR Taxes (6 choices here)

Answers are easy. Questions are hard!

abctax55

Level 15

But you don't directly (override) enter the depreciation expense from the P&L; you enter all the assets & the depreciation flows to the proper schedule.

HumanKind... Be Both

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