2018 Form 1065 Schedule M-1 worksheet, pg 2 Timing differences

mgrovinski · ‎03-20-2019

Problem: Section 179 expense is NOT flowing through to the Schedule M-1 worksheet, pg 2 "Timing Items." The first line "Depreciation and section 179 expense," middle column for "TAX"

I have to OVERRIDE THE AMOUNT IN THIS CELL, AND IT SHOULD BE AUTOMATIC.

I'm using 2018 ProSeries Professional, and this is a 1065, Partnership tax return.

Kathi_at_Intuit · ‎03-20-2019

Great to see you in the community. In ProSeries, on the Schedule M-1 Smart Worksheet check to see if under the Book Depreciation Options Smart Worksheet the Yes box is checked for "Are depreciation and amortization for book purposes the same as depreciation and amortization for tax purposes?". I see that if I mark this Yes, then the second column for the Depreciation and section 179 expense fills in.