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Prior year Special Depreciation Entries in form 1120S

Ferita
Level 1

Where to enter Prior year SDA, to reduce Depreciable Basis. Prior SDA was 50%, and not sure where to enter because right know current year depreciation deduction software calculating from adjusted basis.

Thank you

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1 Comment 1
Accountant-Man
Level 12

In box called "Special Depreciation Allowance" on federal asset entry worksheet.

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