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Client transitioned rental property mid-year (7/31/18) to personal use property.
This article says ProSeries will not suspend depreciation on rental property -- https://accountants-community.intuit.com/articles/1610288-suspending-depreciation-on-a-rental-proper...
So, I changed the business use percentage on each rental property asset to 58%, assuming that ProSeries would calculate 58% of the total annual depreciation amount that would otherwise have been claimed.
But, it's not calculating that way -- It's applying zero depreciation to the house, and $11 for the roof replacement, which would have normally been $189.
If I don't change the percentage, it deducts a full year of depreciation, which is incorrect.
How do I get this to calculate correctly? -- I can adjust the business use percentages on the asset worksheets to force the depreciation to equal my manual calculations but is there a better, or more proper/correct way to make it work?
Thank you!
Best Answer Click here