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Why isnt my 2017 depreciation information rolling forward into 2018 returns? 2017 assets were entered directly onto form 4562 last year.

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Level 1

In 2017 I directly entered in fixed assets on to form 4562 Part V line 26. It doesnt look like this information was rolled forward. Wondering if its how i entered it in 2017 or if there is an extra step i am missing.

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Level 15

If you enter assets into the asset worksheets, the program will track the asset and related deprecation until it is disposed of.  If you just enter info into the 4562 directly, the software has nothing to track and therefor doesn't roll anything into the following year.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

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Highlighted
Level 15

If you enter assets into the asset worksheets, the program will track the asset and related deprecation until it is disposed of.  If you just enter info into the 4562 directly, the software has nothing to track and therefor doesn't roll anything into the following year.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

View solution in original post

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Level 15
Level 15
Is it weird that I've never entered anything directly onto the 4562?  Is that a common thing to enter directly?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 15
I used to do it for all of our business returns but that number seems to be shrinking over time.
ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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