In addition to the passive loss carryforwards not showing up from previous years, the CA depreciation schedules do not show prior (only current) depreciation on assets that we put in to service 2-4 years ago. As there was depreciation on previous tax returns, this cumulative amount should show in the prior depreciation column, which it does not. The current depreciation appears to off (too high) as it is noted an DB, which means that the depreciation should decrease (not increase as it shows now) from the prior year. This leads me to believe that both the prior year and current year depreciation amounts for these assets (for rental properties) is incorrect.
The state of CA product appears to have several bugs in regards to rental properties, calculating depreciation on assets, and previous passive loss carryforwards.
Right now I have no confidence in this portion of the CA product and I will delayed in filing my return until it is fixed.
