cih623
Level 2
08-28-2021
12:21 PM
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The basis and depreciation for the home is not flowing through to Form 8829. Here are the details:
- 2020 Lacerte (just updated today - didn't solve the issue)
- 1 Schedule C
- 1 Home
Screen 22:
- Land portion: Form 10, Activity 1, Category 6 - Land, Method 99 --> flows to Form 8829.
- Building portion: Form 10, Activity 1, Category 4 - Buildings, Method 87 --> does not flow to Form 8829
Screen 29:
- Home 1
- Linked to Schedule C
- Elect to use simplified method - NOT checked
- Depreciation section - no entries
- Allocation section - no entries
Did I input any of that wrong? What am I missing?
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