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Entering amortization on a return


From the line on the return to which the amortization should be linked, link to a Form 4562 or you can use the Link Depr Wkst buttonon the ribbon toolbar.On line 6a, link to a depreciation worksheet, NEW Asset WKT - Depreciation and Amortization Worksheet. Complete lines 1a through line 1e. On line 3 (Method), enter AMORTIZ (you may press the spacebar for a picklist) as the method so that SureFire will know that this asset is being amortized instead of depreciated. If this is the first year of amortization, enter the appropriate amortization code beside line 3. These codes can be found in F1 help for the depreciation worksheet.

 

Note:

 

If there is prior year amortization, you do not need to enter the code but will need to enter any amortization from prior years on line 7.

If you want to amortize points for a home link from Schedule A, line 12 to the asset worksheet

 

 

 

 

 

Additional Information

 

Para obtener la versin en espaol de este artculo de Knowledge Base, haga clic aqu:Ingresando amortizacin en una declaracin de impuestos



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