When Form 4797 Passive 2022-2023

Instructions and Help about When Form 4797 Passive

Hello everyone and welcome to completing basic tax return with depreciation in crosslink 1040 desktop today I just want to cover a just a little bit before we leap into the program on our return preparation method that we use here at crosslink it's important to understand that the way you enter information in the program has a huge impact on how everything is calculated and how much work you have to do back at the end of the day to begin with what we do is complete the client data worksheet this is all their personal information address phone number name social security numbers all of this is then pulled in to the rest of the forms within that tax return so you don't end up typing their name and phone numbers over and over and over again so start out with their personal information on the client data worksheet and then you can move into adding their sources of income w-2s 1099s uh Bellucci s any of those make sense to add right after their personal information has been entered that way we get some numbers to begin to start to work with in the tax return once we get their income entered we can add some schedules and any of those secondary forms for credits or or any of those things that they have that those schedules then can lead into the depreciation of asset and that's where we're gonna focus our webcast today is right here in this depreciation spot to continue once you're once you've finished entering your schedules and any asset you'll want to move into adding your State returns those states will then largely build themselves out if you have any special city circumstances you might do some extra additional work but if...