John R
Level 1

In the past you could list land on the depreciation schedule for Sch E or Sch F with the cost in one column and cost of land in the other with a code of real property and all was good. There was no depreciation taken and when you sold it you entered the sales price and the calculation was done correctly.

Now there is a red error warning saying that you cannot enter it that way. You have to take out the date of service and put Code X in the asset type box. And it will not let you sell the asset from the asset depreciation screen. You have to input all the info directly on Form 4797.  ??????

Why the change??   It still works the same as always in the 1120S and 1065 program.

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