- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
positive 481a adjustment
I have a positive 481(a) adjustment due to prior incorrect rental depreciation. Where do I enter this amount? There is no place to enter "other income" on schedule E. It will also not allow me to enter a negative value in "other expenses". What are my options?
a. add the positive adjustment to the amount shown on 1099-MSC and enter the sum as the total rent income?
b. enter the positive adjustment in schedule 1 as "other income"?
March 3, 2026
2:38 PM