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Level 5
January 26, 2021
Question

Where do I enter prior year California depreciation amounts, life, method, etc?

  • January 26, 2021
  • 4 replies
  • 44 views

California depreciation does not conform.  Where do I enter prior year depreciation amounts, life, method?

If I'm in the California Asset Entry Worksheet and Quick Zoom to the Asset Life History - everything on it are Federal numbers which are wrong.  

This question is about an individual return but I have the same issue on a California partnership return.

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4 replies

Just-Lisa-Now-
Intuit Community Champion
January 26, 2021
You cant edit the state asset entry worksheets?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 5
January 26, 2021

I can override them.  I can also override the info on the Asset Life History page.  I'd rather not, as I don't know what will happen the following year?  If the overrides remain - including the method and life - I guess it's okay.

Accountant-Man
Level 13
January 26, 2021

Federal depreciation asset worksheets. Page down to find state asset, sec. 179 and prior years' depreciation.

** I am "Elevating with Intention!"
Just-Lisa-Now-
Intuit Community Champion
January 26, 2021

CA gets entered on the CA asset worksheet, not the fed.

 

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪