Work around:
- Grab your depreciation schedule from last year and the first year you depreciated the house.
- Open up your program for this year.
- Go to your rental
- Revisit/Update
- Rental and Royalty Summary screen
- Click Edit next to your property
- Look down to Sale of Property/Depreciation, select Update
- Do you want to go directly to your asset summary?
- Select yes
- Your property assets screen
- you may have several things listed here, let's work on the house. Select Edit
- Describe - rental real estate property, continue
- Tell us more - residential rental real estate, continue
- Tell us about this rental asset:
- description - whatever you put
- Cost - use first year's amount to depreciate plus land value used
- Cost of land -land value used first year
- Date purchased - match from first year
- Continue
- Tell Us More - always used for business, select yes or no,continue
- Confirm prior year depreciation - use total from last year, continue
- Asset summary - should be correct for your house.
@MAX_MAZ
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