Discussion Archives:Depreciation Form 4562
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Discussion Forum Index --> Consumer Questions --> Depreciation Form 4562
| 28 February 2007 | |
| I am attempting to file an 1120s on my own and I am stumbling over where to enter depreciation information for 2005. I am comfortable with entering current assests. But where do I enter the second year of depreciation on equipment put into service in 2005? $4000 piece of equipment, took a 20% or $800 depreciation deduction in 2005, according to the five year table I sould take a 32% or $1024 depreciation deduction this year. | |
Wdsaltman95 (talk|edits) said: | 28 February 2007 |
| Assuming MACRS, should be Part III, line 17. | |
| 28 February 2007 | |
| Duh!! Thanks for making me look like I hadn't read the form. ;-)
I read the form a dozen times and some how glazed over line 17 each time. | |
| February 28, 2007 | |
| Enter the prior year assets in the asset entry worksheets. Your software will compute the depreciation for the current year and place it on the line where it belongs. | |
