Print the depreciation schedule to PDF before changing the method. Put the printout in your file, in case the assets are placed back into service.
In the depreciation screen, the grid at the top shows the form each asset is linked to and the method used. Setting the form to 4562 only doesn't suspend depreciation; it just keeps it from going anywhere else on the return. Setting the method to 99 suspends depreciation entirely. Doing both lets you delete the Schedule E and not get a grumpy diagnostic.
Pheobe - yes, I printed the schedule as I do not wish to lose the lives and this point in time. 99 does wipe that out. I do not mind a blank Sch E - my fear is I forget and then add to passive losses with a depr loss only and 8582. Since it would not change taxable income, in late April an oversight could occur. My fear.
EVERYONE - thank you. I think the 99 is the best way to stop it and avoid my aforementioned fear. That said, since this year I already went asset by asset to put in -1 to suppress the current depreciation - going to stick with that. And a HUGE note in the file.
Happy Taxing everyone!
