ken4
Level 3

Thanks for the good answers which helped lead to the issue.

I combined all of the assets for the sale of the property rather than a sale of multiple improvements over the years which obviously gave a skewed result and expensed the remaining depreciation. I used an acquisition date 30 years ago when the property was originally purchased so there would be no remaining depreciation and the software expensed on Sch E the difference.

It's certainly a nuisance having the allocate the sales price through all of the assets.

I've used other tax software that would combine assets for a sale and have no idea why Proseries has never added this feature.

Thanks again, everyone.