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Rehab credit reducing depreciable basis

Keno6789
Level 1

Rehabilitation credits on Form 3468 are supposed to reduce the depreciable basis in the property. This reduction does not appear to flow from Form 3468 to the deprecation schedule in ProSeries. Is there a way to get the program to do this automatically or do you have make the adjustment directly in the depreciation module? 

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1 Comment 1
IRonMaN
Level 15

I'm going to guess that you need to make the adjustment manually.


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