Client has rental property. Did some remodeling and I am depreciating the cost of the remodel. I am using Drake software. The software has calculated line 16 on form 4562. Line 16 says other depreciation. I have looked at my data entry and do not see anything unusual marked (like maybe I checked a box that should not be checked). The software also calculated the correct figure for depreciation on line 19h.
Any ideas, or should I call Drake, maybe a software issue?
Never mind. Just realized, ACRS. DUH!!!
Any ideas, or should I call Drake, maybe a software issue?
Never mind. Just realized, ACRS. DUH!!!