GoSystems Tax

How to do 754 election for depreciable asset?
1. Go to your activity that has depreciable asset. For e.g. if it is rental property, go to Activity Information Rental Real Estate Name of proper...
Wed, 10 Feb, 2021 at 11:51 AM
754 depreciation not flowwing correct on 1065 page 5 schedule M-1
  Currently 754 depreciation is flowing to form 1065 page 5 in M-1 as booktax difference. Per phone will support follow following for the display: Organi...
Mon, 23 Nov, 2020 at 2:57 AM
Footnote is not carrying over from the roll over
  Footnote will not carryover from prior year rollover. Need to type in footnote section. 
Thu, 8 Oct, 2020 at 3:53 PM
How to change basis of K-1 reporting
Organizer Partner Information Partner by Partner Data *Name of Partner* Partner Information Capital Account Classification title 
Mon, 23 Nov, 2020 at 3:28 AM
How to find list of UBIA assets
1. 1. Tax Forms 2. Federal 3. 1065 - US Partnership Return of Income 4. Page 4 5. Other Information 20c 6. Other Items 2. 1. RC 199A Informatio...
Mon, 23 Nov, 2020 at 4:31 AM
How to allocate UBIA assets
Organizer Schedule K Other Information IRC 199A Information box.
Mon, 23 Nov, 2020 at 5:47 AM
Quick review of partners K-1s
Tax Forms Partner Review Columnar review 
Mon, 23 Nov, 2020 at 5:15 AM
Self Employment 0
1. Organize 2. Schedule K-1 3. Schedule K-1 Information 4. Input NONE
Mon, 23 Nov, 2020 at 5:36 AM
No issue- easy to input
Import of template use classic organizer to export data modify import back 
Thu, 8 Oct, 2020 at 4:52 PM
Input one time for printing purposes and one time for e-file; no formating available
Best practice is to attach footnote Input 
Thu, 8 Oct, 2020 at 4:58 PM