Drake help: Code W, box 13

[DTS]

K-1 is showing this code for a Sec. 754 basis adjustment on rental real estate. However, Drake does not offer this code unless we force it. I am concerned I may be reporting this amount incorrectly.

Basis worksheet for the limited partner does not reflect this amount when I force the Code W, but I'm not sure if it should or not. I could really use your help on this.

Added: I just noticed that this was for 754 depreciation from the partnership and I saw in another discussion to report the net (I'm assuming in box 2). Might this be the correct way to report?

Thank you.

D

[BOB W]

Dennis, I have no idea what this is....But here is a general discussion about the 754 basis adj.

http://nysscpa.org/cpajournal/2005/205/essentials/p50.htm

[DTS]

Bob, thanks for passing the link on to me. I still have a few days and I'll read it.

Thanks again.

Dennis