Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Industry Discussions
- :
- Tax Talk
- :
- If you have a LLC in texas are you required to use the ADS Depreciation when your filing as a single member on a schedule c form 1040/
If you have a LLC in texas are you required to use the ADS Depreciation when your filing as a single member on a schedule c form 1040/
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
3 Comments 3
TaxGuyBill
Level 15
Tuesday
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
An LLC doesn't have different rules for depreciation than a non-LLC. Neither does being in Texas affect depreciation.
What is the reason that you think you are required to use ADS?
abctax55
Level 15
Tuesday
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
There is a poster on a different list serve with a tag line "I wish Texas was still a separate country". 😉
"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
( Generic Comment )"
TaxGuyBill
Level 15
Tuesday
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
@abctax55 wrote:
There is a poster on a different list serve with a tag line "I wish Texas was still a separate country". 😉
🤣
