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Oil & Gas Property no gross income but expenses does not appear on depletion schedule

leanneqcpa
Level 2

Our firm is using Lacerte for the first time, no inhouse training and the conversion for oil & gas for all types of returns has not been easy.  So many things do not convert and now I have a property in a 1065 return that has no gross income but has expenses and the property does not appear on any of the depletion reports.  What am I doing wrong?

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2 Comments 2
George4Tacks
Level 15

@PhoebeRoberts can very likely tell you all that you need. 


Here's wishing you many Happy Returns
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leanneqcpa
Level 2

I got it figured out.  I has to do with the property number being incorrect.  !!