On form 1065, how do I get rental depreciation to populate on line 16a, then back out on line 16b?

Forum|Forum|3 years ago
August 2, 2022
2 replies
24 views

I have seen on other returns where rental depreciation is listed on 16a, then backed out on 16b. Loan underwriters look for this specifically and I can't get Proconnect to generate it like other software does.

ProConnect Tax

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George4Tacks

Level 15

I guess you will have to use that other software. I see no reason to report like that.

I do see how to override 16a, but not 16b

Answers are easy. Questions are hard!

G

Gotta287

Level 3

I am having the same issue and wondering if anyone has a workaround? I need the depreciation from form 8825 Rental Real Estate to flow through to lines 16a and 16b on the form 1065.

T

TaxGuyBill

Level 15

@Gotta287 wrote:

I am having the same issue and wondering if anyone has a workaround? I need the depreciation from form 8825 Rental Real Estate to flow through to lines 16a and 16b on the form 1065.

It doesn't belong on line 16, so you shouldn't put it there.

If an underwriter or someone else wants it there, the client may need to find somebody that knows where to look.