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1040 Sch E - Entering prior year bonus depreciation

Mel7777
Level 2

I have a new client that elected a bonus depreciation in 2017, I am trying to tie out the depreciation for 2021 and need to figure out where to enter the prior period bonus depreciation for a Schedule E asset for a 1040 return in ProSeries in order to match the "next year's depreciation" from the prior accountant.  Any suggestions?

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2 Comments 2
Just-Lisa-Now-
Level 15
Level 15

on the asset entry worksheet, right above where you insert prior depreciation, you can enter it

specialdepr.png


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Mel7777
Level 2

Thank you Lisa - I am having some additional errors to get all the depreciation schedules to tie out... I don't think I have the full records of the previous elections.  Thank you for your help!