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Level 1
March 6, 2026
Question

rental was placed in service 1/24, need to capture depreciation from 2024, how do I make sure that is showing on the depreciation schedule. it says 0 right now for prior

  • March 6, 2026
  • 1 reply
  • 4 views
The depreciation MACRS schedule looks good, but on the depreciation schedule it shows 0 for prior when in reality it was depreciated partially last year.

1 reply

Level 15
March 6, 2026

Does the Asset Entry Worksheet show the correct amount of Prior Depreciation?  If not, enter it there.