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Level 4
February 12, 2026
Solved

Is there a problem with the Partnership tax software for Schedule L not calculating accumulated depreciation?

  • February 12, 2026
  • 2 replies
  • 15 views

I have a client partnership return I'm working on and the Schedule L is out of balance by the amount of current year depreciation.  On the accumulated depreciation line on the Schedule L, it is not calculating the current with the previous year amounts.  It is only rolling forward the beginning year to the ending year balance which makes my Schedule L out of balance.  Am I overlooking something?

Best answer by dascpa

There is no issue with the software. Get rid of the auto populate for accumulated depreciation and manually enter it.  FYI - mine has worked with the auto entry when used.

2 replies

dascpa
dascpaAnswer
Level 11
February 12, 2026

There is no issue with the software. Get rid of the auto populate for accumulated depreciation and manually enter it.  FYI - mine has worked with the auto entry when used.

Level 6
February 13, 2026

Did you check the box in the are below the balance sheet to say that tax and book depreciation are the same?