Using Lacerte how do I generate FL Form DR-405?

Using Lacerte how do I generate FL Form DR-405?

Table of contents:

To generate FL DOR 405 in the Individual Module:

1. Go to Screen 54.397, Florida Tangible Personal Property Tax.
2. Check the box Print Tangible return.

   

3. Click on the number 1 located in the bottom left navigation panel.

   

4. Select the County from County- approved for filing (Ctrl+T) (MANDATORY).

   

5. Go to Screen 22, Depreciation.
6. Scroll down to the Florida Tangible Personal Property (DR-405) section.
7. Select the Location from Florida DR-405 form number from screen 54.397.
8. Select the Asset Type.

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To generate FL DOR 405 in the Corporate Module:

1. Check the box Print Tangible return.
2. Go to Screen 50.392, Florida Tangible Personal Property Tax.
3. Click on the number 1 from the bottom left naviagtion panel.
4. Select the County from County- approved for filing (Ctrl+T) (MANDATORY).
5. Go to Screen 21, Depreciation.
6. Scroll down to the Florida Tangible Personal Property (DR-405) section.
7. Select the Location from Florida DR-405 form number (from Screen 50.392).
8. Select the Asset Type.

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To generate FL DOR 405 in the S-Corporate Module

1. Go to Screen 48.397, Florida Tangible Personal Property Tax.
2. Check the box Print Tangible return.
3. Click on the number 1 from the bottom left navigation panel.
4. Select the County from County- approved for filing (Ctrl+T) (MANDATORY) from the drop down menu.
5. Go to Screen 16, Depreciation.
6. Scroll down to the Florida Tangible Personal Property (DR-405) section.
7. Select the Location from Florida DR-405 form number from Screen 48.397.
8. Select the Asset Type.

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To generate FL DOR 405 in the Partnership Module

1. Go to Screen 43.396, Florida Tangible Personal Property Tax.
2. Check the box Print Tangible return.
3. Click on the number 1 in the bottom left hand corner.
4. Select the County from County- approved for filing (Ctrl+T) (MANDATORY) from the drop down menu.
5. Go to Screen 14, Depreciation.
6. Scroll down to the Florida Tangible Personal Property (DR-405) section.
7. Select the Location from Florida DR-405 form number from Screen 43.396.
8. Select the Asset Type.

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Solution:

Per the FL Form DR-405 Instructions,

Include:

1. Tangible Personal Property. Goods, chattels, and other articles of value (except certain vehicles) that can be manually possessed and whose chief value is intrinsic to the article itself.
2. Inventory held for lease. Examples: equipment, furniture, or fixtures after their first lease or rental.
3. Equipment on some vehicles. Examples: power cranes, air compressors, and other equipment used primarily as a tool rather than a hauling vehicle.
4. Property personally owned, but used in the business.
5. Fully depreciated items, whether written off or not. Report at original installed cost.

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Don't include :

1. Intangible Personal Property. Examples: money, all evidences of debt owed to the taxpayer, all evidence of ownership in a corporation.
2. Household Goods. Examples: wearing apparel, appliances, furniture, and other items ordinarily found in the home and used for the comfort of the owner and his family, and not used for commercial purposes.
3. Most automobiles, trucks, and other licensed vehicles. See 3 above.
4. Inventory that is for sale as part of your business. Items commonly referred to as goods, wares, and merchandise that are held for sale.

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