ProConnect Tax Idea Exchange

Why can I not upload the depreciation schedule into a 990 tax return? The feature is available on all other tax forms. Now I have to manually enter in 150 assets.

Status:

Vote now if this is a good idea

Comments

Level 15

It won't let you just enter totals on the form 4562?

Level 15

And, at least at the federal level you don't even need a 4562. You're not using MACRS depreciation. Can you just enter Depreciation expense?

Level 1

- last edited

That’s a very valid concern having depreciation import for 990s would definitely save time and reduce manual errors. Hopefully, the dev team considers adding this soon.