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ProSeries Tax

Experience: 2 years

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Re: 1120-S

Yes, I could do that. Maybe I am just over thinking it.

sffdib

Aug 27, 2023
1120-S

Form 1120-S, schedule LNeed to make an adjustment to prior year Line 21, schedule L, Form 1120-S, retained earnings. Both prior year Capital Stock and Retained ...

sffdib

2

Aug 27, 2023
Re: Allowable depreciation

Hi Lisa - I am back on this return again. What if they expensed them? How will they be treated then?

sffdib

2

Oct 13, 2021
Re: Allowable depreciation

These are glass display cases and other stuff in a retail store. Business had to close due to COVID. They sold what they can before turning the key to the landl...

sffdib

Oct 13, 2021
Allowable depreciation

Fixtures were purchased in 2011 and never depreciated. Sold in 2020. Using ProSeries assets worksheet, I completed the Asset Information, asset type E1 Office f...

sffdib

7

Oct 13, 2021

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