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Current year depreciation not calculating for a vehicle in an S Corporation return in SureFire. - Current year depreciation not calculating for a vehicle in an S Corporation return in SureFire

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Resolution

This can occur when mileage has not been entered on the Vehicle/Listed Property worksheet.

 

To resolve the issue, do the following:

Go to the Asset Wkt for the Vehicle.

Click the Vehicle/Listed Property button.

Complete the worksheet.

*Note: Verify the asset is linked to Form 4562 and it is not linked to the 4562 Summary.

Tags: federal,form