Bulk depreciation gives error - sent to form or schedule deleted this year

Forum|Forum|2 years ago
September 9, 2023
2 replies
16 views

It shows as a critical error (using bulk depreciation for property sale with associated assets).

ProConnect Tax

This topic has been closed for replies.

PhoebeRoberts

Intuit Community Champion

Code each of the assets to Form 4562 Only, not to the deleted schedule. It has nothing to do with the bulk sale, just with the deleted schedule.

D

DSMAuthor

Level 3

The sale of property & dep assets is for a rental property used in business

George4Tacks

Level 15

What is the error? Does it have to do with depreciation methods used? Is it a critical efile error? You may be able to just ignore the error and efile. If you can't give a full description of the error we (other users) can not help you.

Contact Support EITHER https://proconnect.intuit.com/community/proconnect-tax-news-updates/discussion/proconnect-tax-assistant/00/234845 OR https://proconnect.intuit.com/support/en-us/help-article/intuit-account-settings/contact-proconnect-tax-help/L031xWrR5_US_en_US?uid=le1lkg4y

Answers are easy. Questions are hard!

abctax55

Level 15

Does PTO have the same "1" = delete this year, and "2" delete for next year? (Lacerte, PTO's big sister does 😉

If so, did you mark the Sch C/E/F related to the assets as "delete for this year."?

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