Add or verify that the form to carry depreciation exists on the tax return. For example, if you want the depreciation to appear on Schedule C, be sure you’ve added Schedule C to the tax return.
Press CTRL N to open the All Forms & Schedules, Depreciation screen.
Double-click on the business activity to open the Business Activity Assetwindow.
Click New Asset.
In the Description box, type a name for that asset.
In the Date Placed in Service box, type the date the asset was placed in service.
Select the appropriate Business Asset Class and click OK.
On the General Tab screen, type the original cost or basis of the asset in the Original Cost or Basis box.
If claiming the Section 179 deduction, type the amount elected for the Section 179 deduction in the Sec 179 Expense box.
If the asset has prior year depreciation amounts, click the Depreciation tab on top and type the prior year depreciation in the Adjusted Depreciationbox.
Return Inquiry
The current status of a tax return can be found by using the Quick feature on the Work In Progress Summary.
To view the status of a tax return using the Quick feature:
Log into the software as a user with administrator privileges.
On the toolbar, click the Quick button. The Query Return Status window will open.
In the Social Security Number field, enter the SSN of the return whose status is to be viewed.
Click the Search button. The software will connect to the Central Site to retrieve the latest information on the taxpayer. The Query Return Status Results window will open.
This screen displays the latest information on the tax return.
Need Assistance?
Our goal is to provide you with our one-call resolution model so that your company runs efficiently throughout the entire income tax season. Line31 Software technicians are committed to going the extra mile to answer all your questions and acknowledge all your concerns.
• Certified Technical Support
• Bilingual Technicians
• Remote Access Utility
CUSTOM JAVASCRIPT / HTML
FREQUENTLY ASKED QUESTIONS
Tax - How to add an asset to a tax return:
Add or verify that the form to carry depreciation exists on the tax return. For example, if you want the depreciation to appear on Schedule C, be sure you’ve added Schedule C to the tax return.
Press CTRL N to open the All Forms & Schedules, Depreciation screen.
Double-click on the business activity to open the Business Activity Assetwindow.
Click New Asset.
In the Description box, type a name for that asset.
In the Date Placed in Service box, type the date the asset was placed in service.
Select the appropriate Business Asset Class and click OK.
On the General Tab screen, type the original cost or basis of the asset in the Original Cost or Basis box.
If claiming the Section 179 deduction, type the amount elected for the Section 179 deduction in the Sec 179 Expense box.
If the asset has prior year depreciation amounts, click the Depreciation tab on top and type the prior year depreciation in the Adjusted Depreciationbox.
Return Inquiry
The current status of a tax return can be found by using the Quick feature on the Work In Progress Summary.
To view the status of a tax return using the Quick feature:
Log into the software as a user with administrator privileges.
On the toolbar, click the Quick button. The Query Return Statuswindow will open.
In the Social Security Number field, enter the SSN of the return whose status is to be viewed.
Click the Search button. The Software will connect to the Central Site to retrieve the latest information on the taxpayer. The Query Return Status Results window will open.
This screen displays the latest information on the tax return.
Need Assistance?
Our goal is to provide you with our one-call resolution model so that your company runs efficiently throughout the entire income tax season. Line31 Software technicians are committed to going the extra mile to answer all your questions and acknowledge all your concerns.
• Certified Technical Support
• Bilingual Technicians
• Remote Access Utility
CUSTOM JAVASCRIPT / HTML
Test Drive Line31 Software
There’s no better time to test Line31 for yourself. Featuring lightning-fast speed and a complete collection of services, this industry-leading income tax software is a client favorite.
There’s no better time to test Line31 for yourself. Featuring lightning-fast speed and a complete collection of services, this industry-leading income tax software is a client favorite.
