Marie Posted February 18, 2020 Report Posted February 18, 2020 What is that for? i have some IRC263 (a) assets I'd like to keep track of, is this where I put them, select 263 (shows up in red) Or do you just keep a list for yourself, and put the IRC263 asset writeoffs on the Sch F, other deductions? Quote
Marie Posted February 19, 2020 Author Report Posted February 19, 2020 Has no one ever seen that? What is it for? Also how does everyone else keep track of those IRS263 purchases. Quote
jklcpa Posted February 20, 2020 Report Posted February 20, 2020 2 hours ago, Marie said: Has no one ever seen that? What is it for? Also how does everyone else keep track of those IRS263 purchases. That field would be to enter the code section under which the asset is being amortized. Example - sec 197 for amortization of goodwill, sec 248 for organizational costs, etc. 1 Quote
Marie Posted February 20, 2020 Author Report Posted February 20, 2020 ok, thanks for responding Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.