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Level 1
April 28, 2021
Question

2019 corporate tax return -- What is the difference between book and tax return depreciation?

  • April 28, 2021
  • 1 reply
  • 6 views

 

He doesn't understand why 2018 which was prepared by system, and 2019 has -0- (non existent).

Depreciation of equipment was 128.91 in 2019.  Tax depreciation was

74 in 2018. What is it now?

 

 

 

 

 

 

 

 

 

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1 reply

PATAX
Level 12
April 28, 2021

You may have come to the wrong forum.. This forum is for ProSeries tax professionals who are paid tax return preparers... just my opinion...