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Level 3
June 30, 2022
New

not in use status for depreciation

Related products:Lacerte
  • June 30, 2022
  • 2 replies
  • 2 views

It would be nice to be able to proforma the asset and accumulated depreciation for future disposition  when the use has changed, for example business use of the home has ended, but depreciation had been taken.  Same thing for moving into a rental property.

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2 replies

sjrcpa
Level 15
June 30, 2022

Change the method to 99.

The more I know the more I don’t know.
Level 2
October 6, 2022

Changing to method 99 means you still need to keep the rental/home office/Sch C on the 1040. It would be helpful to keep, for example, home office depr in the file after there is no current home office.