USA Deprecation on Sch C page 2

Joined
Sep 3, 2012
Messages
1
Reaction score
0
Hi,

I have a question regarding my small business taxes on Sch C, I'm hoping to get a answer to better understand. My tax preparer put the deprecation for my small business on page 2 of Sch C instead of page 1, why would they do this?
 

kirby

VIP Member
Joined
May 12, 2011
Messages
2,448
Reaction score
334
Country
United States
Could be that your ONLY depreciable assets are those whose costs are part of COST OF GOODS SOLD. That is part III of the Schedule C. If so then the preparer included the depreciation in box 39 "Other Costs" as Overhead costs. Ask the preparer your question and if you don't get a straight answer - get a new preparer.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
11,629
Messages
27,578
Members
21,387
Latest member
BoltonPlumbing

Latest Threads

Top