Common question about Farm Income, Depreciation and Amortization in Fiduciary returns ProConnect Tax
by Intuit•1• Updated 5 months ago
Depreciation information for a Farm can be entered by going from the Input Return tab to Deductions ⮕ Depreciation.
To link to the Schedule F for Farm activity, choose 4=Schedule F/Form 4835 under the FORM drop down menu and choose the activity name under the ACTIVITY NAME OR NUMBER drop down input.
To override the Depreciation amounts for the farm activity, this is the navigation:
- From the Input Return tab, go to Income ⮕ Farm Income (Sch. F).
- Go to the Income Statement tab.
- Scroll down to the Depreciation & Amortization section.
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