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Prior depreciation does not flow through to asset entry worksheet or depreciation report

cpataxman
Level 1
Has anyone noticed the problem in ProSeries 2020 that prior asset depreciation does not flow through to the asset entry worksheets or depreciation reports?  This is a real problem!
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3 Replies 3
TaxGuyBill
Level 15

It seemed to work fine for me.

On the 2019 return, if the asset was "placed in service" before 2019, was the "prior depreciation" filled in?

Did you transfer your clients really early in the year?  If so, that frequently causes problems.  It is generally recommended to not transfer your clients until at least January.

Terry53029
Level 12
Level 12

Worked fine for me also, but I wait until the client is ready to do their taxes before I transfer, and that is usually in March for my clients with assets 

IntuitGabiU
Community Manager
Community Manager

@cpataxman Another user here just mentioned something similar: prior depreciation does not flow through to asset entry worksheets.

Have you seen the prior depreciation carried to the worksheets/reports in the 2020 program or has it only been in prior years? 

 

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