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DO I CALCULATE DEPRECIATION EXPENSE FOR RESIDENTIAL RENTAL PROPERTY MANUALLY? OR DOES THE SYSTEM CALCUATES IT? AND IF SO , WHERE DO I ENTER THE INFORAMTION? THANKS

KAREEM360
Level 2
 
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1 Solution

Accepted Solutions
jeffmcpa2010
Level 11

On the rental schedule input worksheet (I presume you know what form rentals go on) there is a link to enter fixed assets  for that rental.

You enter the information and ProSeries will make the computation based on your input.

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2 Comments 2
jeffmcpa2010
Level 11

On the rental schedule input worksheet (I presume you know what form rentals go on) there is a link to enter fixed assets  for that rental.

You enter the information and ProSeries will make the computation based on your input.

KAREEM360
Level 2

Thank you! 
Truly appreciate it. 

0 Cheers