Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Box 13 code w (754 depreciation) on k-1 where to enter in proconnect?

Highlighted
Level 3
last updated ‎December 07, 2019 2:42 AM
 
Labels (1)
0 Cheers
1 Solution

Accepted Solutions
Highlighted
Level 15
last updated ‎December 07, 2019 2:42 AM

Go to the next section Separately Stated Income and Deductions enter it as First Passive Item IRC 754 depreciation as a negative number. I am assuming that it is related to a a passive rental, if not maybe it will be in the Other NonPassive items


ex-AllStar

View solution in original post

0 Cheers
1 Reply 1
Highlighted
Level 15
last updated ‎December 07, 2019 2:42 AM

Go to the next section Separately Stated Income and Deductions enter it as First Passive Item IRC 754 depreciation as a negative number. I am assuming that it is related to a a passive rental, if not maybe it will be in the Other NonPassive items


ex-AllStar

View solution in original post

0 Cheers