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Where do you input Section 179 depreciation deduction for exempt organization?

AWP08
Level 1
 
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5 Comments 5
sjrcpa
Level 15

Depreciation expense.


Ex-AllStar
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qbteachmt
Level 15
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TylorValdez1
Employee
Employee

You can setup assets that take 179 on screen 39.

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sjrcpa
Level 15

And I wouldn't for nonprofit. They don't need quick tax deductions since they don't pay tax.

 


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qbteachmt
Level 15

That's exactly why I posted the First Link First. It tells you:

"Why am I not getting a 4562 nor special depreciation with my 990/990PF return? I have entered depreciation on Screen 39.

Form 4562 is not required for Forms 990/990PF since the depreciation is a book deduction and not a tax deduction."

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