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Listed Property Options

MarkWinfrey
Level 2

Where in the 1120s settings is the option to move listed property to a separate schedule and off form 4562?

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4 Comments 4
TaxGuyBill
Level 15

Off of Form 4562?  Isn't Listed Property required to be on Form 4562?

MarkWinfrey
Level 2

Yes, but your can reference a separate schedule on form 4562 for the listed property so you don't have 20 pages of form 4562. I know where it is in Pro Systems and Ultratax, but I can't find the setting in Lacerte desktop.

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sjrcpa
Level 15

I am not aware of a setting in Lacerte. If someone else does, I'll learn something.


Ex-AllStar
George4Tacks
Level 15

If you are referring to the depreciation schedule, you could use the Category [O] to create a category such as LISTED that would show up as a separate group.


Here's wishing you many Happy Returns
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