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4562 1120-S
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MGC94
Level 7
01-23-2023
08:29 AM
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This is my first time doing an 1120-S since my grandmother passed away. I need help with the 4652.
This is a new client. For 2021 line 26 shows
a. Van
b. 06/01/2019
c. 100%
d. $32,000
e. $13,900
f. 5.00
g. 200 DB-HY
h. $2,669
Since this is the first year I am putting it in. What exactly should change/ what should I do? Thank you
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2 Comments 2
MGC94
Level 7
01-23-2023
08:43 AM
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I am on the phone with proseries. I took everything out and started from the beginning. We did an asset worksheet.
line e. on the new one is coming up $32,000
last year line e. was 13,900
TaxGuyBill
Level 15
01-23-2023
11:57 AM
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Last year used Bonus depreciation or Section 179.
Enter $18,100 as prior Bonus or 179, and I think that will make it match.
It still seems a bit odd to me, but without thinking too much on it, that should fix it.
