Support CenterHow do I enter fixed assets
🔍 How do I enter fixed assets?
In order for depreciation to flow correctly it must be linked to the parent form, in this case the schedule E.
📊 Step-by-Step Guide
Step 1: Link Schedule E to Form 4562
Use this when you need to connect depreciation to the correct parent form.
Go to the Sch E, page 1, line 19 and click on the chain link and select New 4562 page 1 - Depreciation and Amortization Pg 1. The form 4562 will be added to the forms tree
Step 2: Link Form 4562 to the Asset Worksheet
Use this when you need to add the asset worksheet that will hold your fixed asset entries.
Go to the Form 4562, page 1, line 6 click on the chain link and select Asset Wkt - Depreciation and Amortization Worksheet. Asset worksheet will be added to the forms tree
Step 3: Add assets to the Asset Worksheet
Use this when you need to enter one or more fixed assets for Schedule E.
Add the asset on the Asset Wkt. To add additional assets, right click on the Asset Wkt and select Copy Asset Wkt, repeat step 3 until you enter all the assets on the Sch E property
✅ Next: Additional Schedule E Properties
For additional Sch E properties repeat from step 1 above
📞 Still Need Help?
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Phone: 1-800-516-9442
Tags: federal,form