I hope someone can assist with an issue I'm having completing an 1120-s:
The company has right-of-use lease assets for vehicles and despite entering the information as shown below I can't seem to get the listed vehicles placed into service in 2024 to populate on Form 4562 in Part VI.
These amortizable ROU vehicles are set up as follows:
On Form 4562 nothing populated into Part VI where it should be listing each of the 2024 intangible assets. I did manually enter the accumulated amoritizatoin prior to 2024 and that populates, but then ProConnect calculates the total amortization as the same amount as it isn't taking into consideration any of the ones entered for 2024
Thank you for the help.
I'm guessing this "Method: 99 = Land or No Depreciation selected" is the problem.
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