pat
Level 5
12-07-2019
12:15 AM
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It is a Lacerte thing. Other software I have used made this type of transaction much easier. Not depreciable so it is added on the 2106 screen and linked to Sch c
Tax guy bill - I think there is a sale purchase and amortization - taxpayer has taken standard mileage for old leased car and will for new. There is a business gain and a disallowed personal loss on old car. I think I have to amortize the capitalized cost reduction and maybe the cash down pmt.
Tax guy bill - I think there is a sale purchase and amortization - taxpayer has taken standard mileage for old leased car and will for new. There is a business gain and a disallowed personal loss on old car. I think I have to amortize the capitalized cost reduction and maybe the cash down pmt.
