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In Lacerte, CA prior depreciation imported from 2022 to 2023 for business entities is incorrect. anyone else discovering this issue?

KB1234
Level 1
 
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2 Comments 2
abctax55
Level 15

There's an existing thread on it.

AND, is this for individual/S/C/Partnership/Fiduciary.... all of the above???

I stated in that thread that I am not seeing that issue; but I delay proforma'ing until the last possible moment.  Try re-proforma'ing to see if it still happens.

 

HumanKind... Be Both
ben530
Level 3

2022 Proforma to 2023 - Depreciation Does Not Transfer ‘-1’ for SDA, State if Different

Search for the above in Lacerte Tax News and Updates.

Is this what may have happened? We did encounter this and checked manually a few clients that were already in progress and reproforma'd the rest. 

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