AnnetteB6
Expert Alumni

Investors & landlords

Since the property itself and its other associated assets are still being used, but being reported on another form, they should not be taken out of service on the Schedule C.  

 

Instead, duplicate the entries for each asset on the Schedule E so that the current depreciation will continue as it has in the past and then delete the entry from the Schedule C.  This will take some effort because there is not a simple way to copy it from one form to another.

 

@BHancock 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"