2025 - 1065 Amortization of closing costs

[Jim-from-Ohio]

I know it is early in the season but am asking if anyone is seeing amortization of an asset (Type L in the Fixed Asset Entry Worksheet) not flowing through to the 8825 (rental property).. The amoun the deduction, showing up on the Asset Entry Worksheet is not flowing to the 8825.

[TaxBandit]

I have the same issue and there is no line to even enter it on.  

[Jim-from-Ohio]

For now I am using Schedule A, quick zooming on the line called COMMON CHARGSE, made a list there. This way I Can get the P & L to tie out and the to get my tax balance sheet and capital accounts tie out to the financials

[TaxGuyBill]

Out of curiosity, have you checked if it is wrongly flowing to page 1 of the 1065 (such as added to line 16 or 21)?  Or is it not showing up anywhere at all?

[Jim-from-Ohio]

I checked on page 1 of the 1065 and not showing up there either.

[craig]

The new Schedule A on Form 8825 is the problem.  The amount should flow to that form.

Line 30 also does not work

[PATAX]

It is still a little early so there will probably be an update.