TaxAdviceGuys
Level 1

Hi TaxGuyBill,

Yes, Sorry about that.  Okay, so I have a Vacation Rental Property that is used as both a Rental and a Vacation Home (Vacation Home Rules).  In 2016, they used Turbo Tax and filed themselves, which they have provided me a copy of.  The Prior Depreciation for this Rental Home is the $28k that I mentioned earlier and I cannot find where to input that number into Lacerte.  I have entered all Depreciation items into screen 22 and have the correct amount entered there for Prior Depreciation.  I have looked on screen 18 (Sch E) and cannot find a place to enter Prior Year Depreciation as a Capital Loss Carryover.

I understand that this Rental is subject to the Vacation Home Rules, but for the life of me cannot figure out what I am doing wrong with the Depreciation, so that the Worksheet will include the depreciation amount as a prior year capital loss amount.  Am I not entering this correctly?

Any and all help would be greatly appreciated.

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