CAPCPA
Level 2
03-13-2020
05:39 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
How do I turn off depreciation in ProSeries without a disposition of the property?
Owner moved back in after 15 months of rental.
Labels
rbynaker
Level 13
03-13-2020
05:57 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Put a sale date but no sale amount in the asset wks. Then print (or PDF) a copy of the depreciation schedule and any suspended passive loss carryovers for the perm file. They'll need to recapture depreciation if/when the property is sold.