Prior depreciation does not flow through to asset entry worksheet or depreciation report

Forum|Forum|4 years ago
November 11, 2021
2 replies
15 views

Has anyone noticed the problem in ProSeries 2020 that prior asset depreciation does not flow through to the asset entry worksheets or depreciation reports? This is a real problem!

ProSeries Professional

This topic has been closed for replies.

T

TaxGuyBill

Level 15

It seemed to work fine for me.

On the 2019 return, if the asset was "placed in service" before 2019, was the "prior depreciation" filled in?

Did you transfer your clients really early in the year? If so, that frequently causes problems. It is generally recommended to not transfer your clients until at least January.

T

Terry53029

Intuit Community Champion

Worked fine for me also, but I wait until the client is ready to do their taxes before I transfer, and that is usually in March for my clients with assets

A

Anonymous

@cpa2help Another user here just mentioned something similar: prior depreciation does not flow through to asset entry worksheets.

Have you seen the prior depreciation carried to the worksheets/reports in the 2020 program or has it only been in prior years?

Sign up

Login with SSO

Let's get you signed in

Login with SSO