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2019 corporate tax return -- What is the difference between book and tax return depreciation?

ottosoncopc
Level 1

 

He doesn't understand why 2018 which was prepared by system, and 2019 has -0- (non existent).

Depreciation of equipment was 128.91 in 2019.  Tax depreciation was

74 in 2018. What is it now?

 

 

 

 

 

 

 

 

 

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1 Comment 1
PATAX
Level 15

You may have come to the wrong forum.. This forum is for ProSeries tax professionals who are paid tax return preparers... just my opinion...