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Import depreciation for a 990 tax return. How is this not available? The ability is there on all other return types.

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Import depreciation for a 990 tax return. How is this not available? The ability is there on all other return types.

Prime987x

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: New
0 Votes
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3 Comments
IRonMaN
Level 15

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

sjrcpa
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?

Husnainacca1
Level 1

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.

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