Prior depreciation not transferring over?

Forum|Forum|5 years ago
December 2, 2020
3 replies
0 views

Has anyone had the issue with prior depreciation not transferring over to the next year? I noticed it on a business return when I was reconciling depreciation. I also noticed it on an individual return. If so, how did you handle it?

ProSeries Professional

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Just-Lisa-Now-

Intuit Community Champion

Hit and miss, I find it from time to time...not sure what the common denominator is that makes it happen on some and not others.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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Terry53029

Intuit Community Champion

I think its from transferring clients too early. Since I've been waiting until January before transferring I haven't had an issue.

Just-Lisa-Now-

Intuit Community Champion

thats possible, the ones I find are from years ago before I took over the business and my ex employer would transfer clients in as soon as the program was available.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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davidwashington

Level 4

yes, it appears to be in all cases.

I am in a trust return and same situation. I noticed this two years ago. Quality control at Intuit is down.

Is there a fix?

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Terry53029

Intuit Community Champion

You can try a retransfer now that its Feb, as Program has had several updates, or manually enter carryover. If you transfer you will lose all work you have done

A

abs96

Level 4

I have same issue that the depreciation did not transfer from the 8829 and the asset entry worksheets. It calculated the depreciation but did not transfer to the 1040. I guess have to delete the asset entry worksheets and reenter the information. Or does anyone know a shortcut?

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