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Level 2
February 8, 2020
Question

Proseries - Linking assets to different activity

  • February 8, 2020
  • 7 replies
  • 46 views

Is it possible to link depreciable assets from main business activity to 8825

Corporation ended operations as gas station and has now rented the facility to someone else. Therefore I need to link depreciation to Form 8825 instead of Line 21 on 1120s pg1

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7 replies

Accountant-Man
Level 13
February 8, 2020

You can change the activity on the asset worksheet, but only for the entire year per asset.

While on the asset worksheet, Forms/Change Activity

** I am "Elevating with Intention!"
sanjitAuthor
Level 2
February 11, 2020

thanks