verakw
Level 1

I've transitioned from ProSeries 2020 to ProConnect for 2021.

2019 8829 inputs:

20200.JPG

2020 8829 inputs:

 

20210.JPG

 

2019 Depreciation Report includes the home, date of service, basis, land value, and business %:

20192.JPG

4.97% x $383200 = $19,045

But the 2020 Depreciation Report looks like this:

20212.JPG

Inputs are all the same, but the Depreciation Report says 49.70% business use, rather than 4.97% - depreciable basis is calculating as $190,351, rather than $19,045.

All the other depreciable assets related to 8829 are reflecting the 4.97%:

20214.JPG

 

Can anyone explain to me what is going on here, or how to rectify this??? I can reduce the business basis by 10x, since they're calculating a 10x on the business percentage - but I really want to understand why.

0 Cheers
George4Tacks
Level 15

Use chat to get a support person to look at the detail of input. 


Here's wishing you many Happy Returns
0 Cheers
sjrcpa
Level 15

Chat? I thought that was extinct.

EDIT: Oh we're in PTO. I guess they still have it as the only option.


Ex-AllStar