Drak software Issue

[TAX]

Client sold asset and I tried to enter in Drake software but it creates a book and tax depreciation message and amount. Also confused with 4497 in Drake

This is the first time I am using Drake.

Can any help asap?

Thank you very much.

[ChEAr$]

That is why I never enter data into some software form in cases of sale. I do the calculations
on the back of an envelope and enter results directly on the form, 4797, schedule d,
installment sale form, whatever.

there's a lot to be said for the "override' function.

[erchess]

Tax

Try calling Drake Support on Monday. Or post on their board tonight. You might want to include more detail on what it is doing with book and tax depreciation and why you think it is wrong to do so. I found that part of your question unclear but then I don't think I have sold a business use asset since I started using Drake.

Be sure and clarify for Drake whether this is a 1040 or 112O or what.

[taxxcpa]

Sale of assets

I've had sales of rent houses. You enter the information on the depreciation screen on the lower part of the screen where it asks for date sold, etc.