Support Center

<- Back to Main Page

How do I enter fixed assets

---

In order for depreciation to flow correctly it must be linked to the parent form, in this case the schedule E.

Step 1. Go to the Sch E, page 1, line 19 and click on the chain link and select New 4562 page 1 - Depreciation and Amortization Pg 1. The form 4562 will be added to the forms tree

Step 2. Go to the Form 4562, page 1, line 6 click on the chain link and select Asset Wkt - Depreciation and Amortization Worksheet. Asset worksheet will be added to the forms tree

Step 3. Add the asset on the Asset Wkt. To add additional assets, right click on the Asset Wkt and select Copy Asset Wkt, repeat step 3 until you enter all the assets on the Sch E property

For additional Sch E properties repeat from step 1 above

Tags: federal,form