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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!!!

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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.

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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.

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