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Form 1065 - Depreciation not posting to form

montague
Level 2

Form 1065 - (2) assets reported (asset entry wks), both Sec 179.  No depreciation is posting to the Form 1065.  MACR Convention is checked (per Proseries help).  I know I'm missing a button or question somewhere but I haven't found it.  Please help.

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7 Comments 7
abctax55
Level 15

Did you check Sch K?  §179 flows thru.

"*******Tax software is no substitute for a professional tax preparer*******
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montague
Level 2

Sch K, Pt III #12 Sec 179 - no code and no $$

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abctax55
Level 15

Sorry - I'm a Lacertian.

Hopefully a PS user will wander by to help.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
montague
Level 2

Thank you, I think I found my button.

TAXOH
Level 11

@montague If you can remember what you were doing wrong, would you mind saying what you were doing wrong, because some new user may find it helpful to them!  Thank You in advance!!! And Have a Great Day!!!!!

montague
Level 2

Thank you @TAXOH 

Essentially, I was being an idiot, trying to force Sec 179, the software denied me.  When I stopped and reviewed my entries, I found my problem.  Made the correction and ended up with a $1 rounding adjustment.  Moral of the story:  sometimes it's the user and not the software 🙂

 

 

abctax55
Level 15

@montague  It's way too early in filing season to be so hard on yourself   🤣

PEBCAK is a hazard of the profession.  We've all been there.

"*******Tax software is no substitute for a professional tax preparer*******
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