Depreciation Overrides

Forum|Forum|4 years ago
September 14, 2021
2 replies
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New S-Corp client has assets with prior and current depreciation. When assets are entered into ProSeries, my depreciation and asset depreciation history does not match the previous tax return or asset depreciation history. I have overridden these amounts to match and have tried to e-file, but keep getting an error. I can't e-file a return with overrides. Any help or suggestions would be great.

ProSeries Basic

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T

Terry53029

Intuit Community Champion

You don't override to match previous deprecation taken. Make sure you have entered assets correctly, as to date in service, class life, etc. If it does not match previous tax returns, then you inform client of that fact, and tell him what you recommend to correct the previous errors. You always do the current years taxes correctly, and do not carry on with incorrect data from prior years