About PatrickSanford - Intuit Accountants Community

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Level 2

Products

ProConnect Tax

Experience: 1 years

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4

Language

English - Fluent/native, ASL (American Sign Language) - Conversational, French - beginner, Japanese - beginner.

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Re: AMT Depreication

Okay. TaxGuyBill.I found this language in the same paragraph in the instructions you quoted:If you elected not to have any special depreciation allowance apply,...

PatrickSanford

1

Sep 12, 2024
Re: AMT Depreication

Here's some screenshot of the 2021 return for the same client:The election was made. Assets were put input.But yes. I'm sure the election was made. It's still s...

PatrickSanford

Sep 12, 2024
Re: AMT Depreication

Sorry TaxGuyBill, I should have put that in my original post. This is if you are electing out of bonus depreciation.And, you are right, the 150% would apply. Bu...

PatrickSanford

2

Sep 12, 2024
AMT Depreication

From what I can tell, ProConnect is not doing a good job calculating AMT depreciation.For AMT, you have to use ADS. If the life is 10 years or less, you can use...

PatrickSanford

7

Sep 12, 2024
Re: transfer sole proprietor in QuickBooks to Schedule C in a personal return

I thought Intuit Proconnect was all about how you could easily "connect" your business to the tax return. QBO has a really decent "prep for taxes" section.How i...

PatrickSanford

Aug 19, 2024

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Posts	7
Solutions	0
Cheers Given	9
Cheers Received	3
Member Since	‎03-12-2024

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