Question
Depreciation showing as ordinary income loss
Working on an S-corp. That the primary business is rental properties. They have purchased some heavy equipment for the corporation when I set it up on depreciation the depreciation shows as a business loss. All the other depreciation is listed on 8825. Is this correct? When I import the K-1's I'm getting an error that states can't have lines 1 and two (different incomes on 1 K-1)
Confused Help please
