How do I get assets to carry from the federal 4562 screen to the PA Schedule C, page 2?
Generally, when assets are entered on the 4562 depreciation detail screens, with C selected in the FOR drop list, they will automatically carry to the Pennsylvania Schedule C, page 2, part C-2, or the attachment PA EF ATE.
Assets will not carry to the PA C-2 if any of the following conditions apply:
- Assets expensed using section 179
- Amortized assets
- Fully depreciated assets
- Assets directed to the AUTO instead of the C when mileage is taken instead of expenses
To indicate to which line of the Schedule C-2 an asset should flow, use one of the following indicators:
- Use the appropriate keyword for the Description field.
- Note that the description must either contain or start with the term indicated below for the asset to carry to the specified line.
- Under the State Specific Information section, select the State as PA, then choose the appropriate Asset type in the Asset type drop list.
- Choose the Listed Property type in the Listed Prop Type drop list.
| 4A Buildings |
Building
BLDG |
05 |
|
| 4B Furniture/Fixtures |
Furniture
Fixture
Furniture and Fixture |
09, 10, 11 |
|
| 4C Transportation Equipment |
TRANS
Trans Equip
TE (starts with) |
30, 31, 32 |
V, E, T, H, or N |
| 4D Machinery |
Machinery
Other Equipment
OE (starts with) |
15 or 16 |
|
If none of the options above are used, assets will carry to lines 4E-4P or to the overflow attachment PA EF ATE entitled Electronic Filing Attachment PAC Sch C2 (Depreciation).