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Level 2
February 8, 2021
Question

Prior year Special Depreciation Entries in form 1120S

  • February 8, 2021
  • 1 reply
  • 6 views

Where to enter Prior year SDA, to reduce Depreciable Basis. Prior SDA was 50%, and not sure where to enter because right know current year depreciation deduction software calculating from adjusted basis.

Thank you

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1 reply

Accountant-Man
Level 13
February 8, 2021

In box called "Special Depreciation Allowance" on federal asset entry worksheet.

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