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Screen PADepr - Pennsylvania Depreciation and Amortization (1065)

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Overview

Use this screen to enter and/or verify information necessary to complete the PA Depreciation and Gain Adjustment Worksheet; PA Schedule RK-1 and Schedule NRK-1, Part VII, Supplemental Information; PA Schedule E, Rents and Royalty Income (Loss); and the PA Farm Rental Income and Expenses Worksheet.
All depreciation and amortization information transfers from the application detailed asset data entry directly to the PADepr screen and then to the PA Depreciation and Gain Adjustment Worksheet, PA Schedule E, and the worksheets.
To override depreciation and/or amortization amounts on PA Schedule E, Rents and Royalty Income (Loss), or the PA Farm Rental Income and Expenses Worksheet, you'll need to enter the information in this screen.
note
When detailed asset data entry isn't used, depreciation information needs to be entered in this screen to provide the depreciation or amortization amounts on the PA Depreciation and Gain Adjustment Worksheet; PA Schedules RK-1 and NRK-1; PA Schedule E, Rents and Royalty Income (Loss); and the PA Farm Rental Income and Expenses Worksheet.
The application provides a global option that lets you specify how you want to enter asset information: in detailed asset data entry or on the various depreciation input screens. When you specify detailed asset data entry as the preferred method, this input screen is irrelevant and the depreciation tab for this input screen doesn't appear.

Depreciation and Amortization Expense

Business activity / Form / Unit boxes
The application transfers all information for the
Business activity
,
Form
, and
Unit
 boxes from the application detailed asset data entry. This ensures that the depreciation and/or amortization entered transfers to the correct activity. You can either enter the codes directly or select the codes from the fieldview. The following table lists the available form codes.
Form Code
Form Description
Page 1
Regular depreciation
A
Schedule A
F
Schedule F
Rental
Rental / royalty activity
4835
Form 4835
Misc
Miscellaneous
Depreciation expense / Amortization expense / Section 179 expense / Pennsylvania straight-line depreciation
The application transfers information from the application detailed asset data entry to these boxes for each activity entered. To override the transferred information for depreciation and/or amortization expense, enter information in these boxes.
Intangible development costs expensed
If asset data is entered in the asset module, amortization information transfers to this statement for those assets with intangible drilling costs.
To exclude an item from the state return, delete the amount, enter a zero (0), or delete the entire line item from the statement. The application displays the modified column in black and won't overwrite the new data with subsequent federal-to-state data transfers.
If asset data isn't entered in the asset module, enter asset detail information into these boxes. The application uses this information to calculate the Pennsylvania Schedule I.

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