FMES
Level 3
09-30-2020
08:23 AM
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I need assistance with how Lacerte releases the carryover of excessive vacation home depreciation upon sale of the property and how it correlates with the recapture of allowed and and allowable depreciation on Form 4797. Lacerte is including the excess depreciation as allowable on 4797 but not releasing the carryover as deduction in the current year. Any thoughts?
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