Listed Property Options

[MarkWinfrey]

Where in the 1120s settings is the option to move listed property to a separate schedule and off form 4562?

[TaxGuyBill]

Off of Form 4562?  Isn't Listed Property required to be on Form 4562?

[MarkWinfrey]

Yes, but your can reference a separate schedule on form 4562 for the listed property so you don't have 20 pages of form 4562. I know where it is in Pro Systems and Ultratax, but I can't find the setting in Lacerte desktop.

[sjrcpa]

I am not aware of a setting in Lacerte. If someone else does, I'll learn something.

[George4Tacks]

If you are referring to the depreciation schedule, you could use the Category [O] to create a category such as LISTED that would show up as a separate group.