Where to Enter Amortization - Business Returns
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Amortization can be entered in Tax Processors Plus Desktop by accessing the Form or Schedule that it is associated with.
Corporation Return (Form 1120)
From the Main Menu of the Business Tax Return (Form 1120), select:
- Deductions
- Depreciation (Form 4562)
- Form 4562
- Amortization
S-Corporation Return (Form 1120-S)
To enter amortization on an S Corporation return, from the Main Menu of the Business Tax Return (Form 1120S), select:
- Deductions
- Depreciation (Form 4562)
- Form 4562
- Amortization
To enter amortization for rental property on an S Corporation return, from the Main Menu of the Business Tax Return (Form 1120S), select:
- Schedule K - Distributive Share Items
- Income (Loss)
- Net Income (Loss from Rental Real Estate (Form 8825)
- Enter Rental Property
- Expenses
- Depreciation
- Form 4562
- Amortization
Partnership Return (Form 1065)
To enter amortization on a Partnership return, from the Main Menu of the Business Tax Return (Form 1065), select:
- Deductions
- Depreciation (Form 4562)
- Form 4562
- Amortization
To enter amortization for rental property on a Partnership return, from the Main Menu of the Business Tax Return (Form 1065), select:
- Schedule K - Distributive Share Items
- Income (Loss)
- Net Income (Loss from Rental Real Estate (Form 8825)
- Enter Rental Property
- Expenses
- Depreciation
- Form 4562
- Amortization