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Investors & landlords
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Loss Carryovers:
I notice that your federal return does have some loss carryforward to 2024 from the prior year reported, but I agree that the state carryforward schedules is blank. Is it possible that you had an older version of your 2023 tax file saved and that is what was transferred to 2024?
Depreciation:
- You mentioned within the comments that the prior year depreciation is not populating for several of the assets that were placed in service in the last few years. I looked over the depreciation reports and it looks like the assets that aren't showing a prior year depreciation are assets that you expensed using Section 179 in the year they were placed in service. Since section 179 isn't depreciation, this amount doesn't populate in the depreciation fields.