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Intuit Biz e-filing closure on December 21 at 6:00PM PST. Select your product for more Hot topics. Lacerte | ProConnect | ProSeries
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- 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/
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3 Comments 3
TaxGuyBill
Level 15
09-24-2024
04:55 PM
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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?
TaxGuyBill
Level 15
09-24-2024
06:29 PM
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@abctax55 wrote:
There is a poster on a different list serve with a tag line "I wish Texas was still a separate country". 😉
🤣
