Discussion:Depreciation schedule for Schedule C
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Discussion Forum Index --> Tax Questions --> Depreciation schedule for Schedule C
Www.cpa1.biz (talk|edits) said: | 21 April 2006 |
| Hello,
I was looking to see if we need to include a depreciation schedule of old assets with a Schedule C. Or it it only for new assets. Thanks, www.cpa1.biz | |
Chautauqua (talk|edits) said: | 21 April 2006 |
| I would keep all fixed assets on the depreciation schedules as long as they are used in the business. This gives you the information needed if an asset is disposed of. The asset and accumulated depreciation totals should agree with the balance sheet amounts. | |
| 21 April 2006 | |
| I agree with Chautauqua. But of course Balance Sheet amounts are not included in the tax return for a Schedule C and the depreciation schedule of all assets is also not a required attachment. | |
| 21 April 2006 | |
| He means the tax return. No, you don't attach it unless there's something new. | |
Www.cpa1.biz (talk|edits) said: | 21 April 2006 |
| As always guys,
Thanks a lot www.cpa1.biz | |
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