Support CenterEntering amortization on a return
🔍 Entering amortization on a return
Use SureFire to link amortization to the correct depreciation worksheet and enter the amortization method and codes.
📊 Step-by-Step Guide
Step 1: Link the amortization to the right form
From the line on the return to which the amortization should be linked, link to Form 4562 or use the Link Depr Wkst option at the top of the form.
Step 2: Link on line 6a
On line 6a, link to a depreciation worksheet. Complete lines 1a through 1e.
Step 3: Set the method to amortization
On line 3 (Method), enter AMORTIZ (you may press the spacebar for a picklist). This tells Sure-Fire the asset is being amortized instead of depreciated.
Step 4: Enter the amortization code (first year only)
If this is the first year of amortization, enter the appropriate amortization code beside line 3. You can find these codes in F1 help for the depreciation worksheet.
⚠️ Important Note
If there is prior year amortization, you do not need to enter the code again, but you will need to enter any amortization from prior years on line 7.
📞 Still Need Help?
If you are having trouble, contact our support team:
Phone: 1-800-516-9442
Tags: install,federal,form