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

Where do i enter depletion for oil and gas royalties on ProSeries Basic Edition 2018 ?

graves59
Level 1

I am using the proseries basic edition software, but can use the professional, too, if needed. Is there a place on the basic to do this? Thx!!!

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Solution

Accepted Solutions
poolcleaner
Level 9

In the professional version, there is a line on the worksheet where you enter the depletion  You have to make the entry manually since the program does not calculate the 15% for you. I started trying to get that calculated automatically 30 years ago with no success.

View solution in original post

0 Cheers
3 Comments 3
poolcleaner
Level 9

In the professional version, there is a line on the worksheet where you enter the depletion  You have to make the entry manually since the program does not calculate the 15% for you. I started trying to get that calculated automatically 30 years ago with no success.

0 Cheers
graves59
Level 1
Thank you!
0 Cheers
poolcleaner
Level 9
@graves59  It is line 18b in ProSeries Professional.
0 Cheers