Question
Oil & Gas Property no gross income but expenses does not appear on depletion schedule
Our firm is using Lacerte for the first time, no inhouse training and the conversion for oil & gas for all types of returns has not been easy. So many things do not convert and now I have a property in a 1065 return that has no gross income but has expenses and the property does not appear on any of the depletion reports. What am I doing wrong?
