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Level 2
January 20, 2020
Question

Changing Asset Entry to different classification

  • January 20, 2020
  • 6 replies
  • 61 views

Good morning, need to change Asset Entry classification from Sch A Misc to Sch E worksheet.  When I go to Forms then Change Activity then Type of Activity then specific Sch E Worksheet, nothing happens.  

Why is it not executing change?

Thanks in advance!

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6 replies

Accountant-Man
Level 13
January 20, 2020

It worked for me from Sch C to E.

 

** I am "Elevating with Intention!"
Level 2
January 20, 2020

Thanks so much for your response.  Just set-up a "test" asset and was able to transfer it back and forth between Sch C and Sch E, but it will not let me transfer any assets from Sch A Misc.

Just switched from ATX to Pro Series this year and when they converted the tax files, any individual that owned rental property got converted as a Sch A item rather than correctly going to Sch E.

Am having to transfer all of the Sch Misc assets back to Sch E, but software will not allow it for some reason.  Will discuss with tech support tomorrow when they reopen.

Best to you.

Level 4
May 13, 2021

I inadvertently linked an asset to Form 2106 upon initial input, and proseries won't let me change it to Schedule F.  No idea why.