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Level 2
July 3, 2020
Question

Client owns 50% of a rental (entered on SCH E Property Info tab). Sales info is entered on the Depr>Disp tabs. Why is return reporting 100% of sales info instead of 50%?

  • July 3, 2020
  • 1 reply
  • 10 views
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1 reply

George4Tacks
Level 15
July 3, 2020

Because the 50% is just a convenience for the rental only, You need to enter the sale date only in the depreciation and then do the sale in the disposition screen manually. 

 

Answers are easy. Questions are hard!
Level 2
July 3, 2020

I see. Thanks for your help!