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Why doesn't depreciation schedule show amortization instead of deprecation?

MissTina
Level 1
 
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3 Comments 3
abctax55
Level 15

In Lacerte (PTO's big sister), you have to enter the appropriate amortization code section as connected to the specific asset.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
itonewbie
Level 15

Yep, works the same way in PTO.

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Still an AllStar
IRonMaN
Level 15

I'm not sure which form reports deprecation.

Ok, I'll go back to standing in my corner.

 


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