Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Can an asset be transferred to a different Schedule C within the same return. Client has two businesses and asset needs to be moved to the other business.

T-Town-CPA
Level 3

Can an asset be transferred to a different Schedule C within the same return. Client has two businesses and asset needs to be moved to the other business.

Labels (1)
0 Cheers
1 Solution

Accepted Solutions
IRonMaN
Level 15

Yes, you just have to change the link on the asset to go to the other schedule C.

ACME Taxes, Tatoos, Tires and Turtles (I've expanded my line of products to better serve you)

View solution in original post

0 Cheers
7 Replies 7
IRonMaN
Level 15

Yes, you just have to change the link on the asset to go to the other schedule C.

ACME Taxes, Tatoos, Tires and Turtles (I've expanded my line of products to better serve you)

View solution in original post

0 Cheers
rbynaker
Level 11
Open the Asset Entry Wks.  From the top menu, pull down Forms and select Change Activity.
0 Cheers
TaxGuyBill
Level 15
You beat me to it.  :smile::smile:
0 Cheers
T-Town-CPA
Level 3
Thank you, but how do I accomplish this?  The activity on the asset entry worksheet does not allow a change.
0 Cheers
T-Town-CPA
Level 3
Thank you for your quick response!  Very simple...
0 Cheers
TaxGuyBill
Level 15

Open the asset.

Go to "Forms", then "Change Activity".

0 Cheers
rbynaker
Level 11
At least we got the same answer!
0 Cheers