Marie Posted February 18, 2020 Report Share 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 Link to comment Share on other sites More sharing options...
Marie Posted February 19, 2020 Author Report Share 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 Link to comment Share on other sites More sharing options...
jklcpa Posted February 20, 2020 Report Share 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 Link to comment Share on other sites More sharing options...
Marie Posted February 20, 2020 Author Report Share Posted February 20, 2020 ok, thanks for responding Quote Link to comment Share on other sites More sharing options...
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