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Investors & landlords
The two schedule method is preferred due to the increased depreciation. You are absolutely correct! It is a hassle to use it with multiple properties and some suggest that -for sanity - those with multiple properties may not want to use it.
I just didn't realize that you could maintain a depreciation sheet using an old date for depreciation on a property with a new date in service. I did not think the program could handle it as it could not in the past.
Also, DianeW has been off a few days and will be back Monday 🙂
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‎March 31, 2023
10:53 AM