A partnership sold a commercial property in 2024, I entered everything regarding the disposition of the asset and check all related sections (dep recapture, calculated gain, etc.). When I run the "review return" and check the "Next Year Depr: Depreciation Schedules" it shoes that it will be depreciated next year. Why is it like that? How come it's not removed from the depreciation schedule and it is still depreciated?
I just tried this on a 1065 and I do see what you are speaking of. @1569 might be able to alert programmers about this, but personally I would just use a pdf editor to delete the page before giving it to your client. It really has no impact and unless you want to directly reach out to support it likely won't be fixed soon.
Contact support.
https://accountants.intuit.com/support/en-us/help-article/intuit-account-settings/contact-proconnect-tax-help/L031xWrR5_US_en_US?src=g4t
Hi @Babak & @George4Tacks
We reviewed this topic and here's the notes I received: If you made an entry in the field "Percentage (.xx) or amount of basis sold" in the Disposition section on that asset and put in 100, the program is reading it as $100 (not 100%) and instead of the entire asset being sold, its only selling $100 of that asset. We recommend to leave that field blank if the entire asset is being sold.
Let us know if this helps, if not, contact us for help to get more information on your particular topic.
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