How to 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.

Line	Description contains	Asset Type	Listed Property
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).