I am preparing my Sub-S Corp return. I have real estate holdings. I have entered my multi-family home purchased in October 2022. Depreciation has been calculated and shown as a deduction. I've printed the current and next year's depreciation schedules. However, when I get to the balance sheet, the property is not showing up at all. Land and buildings show only the land and building that was on the books at the end of 2021. Nothing is transferring over that was newly entered for 2022. However, the 2022 accumulated depreciation for the new building DOES show up on the balance sheet. Why would this be happening and how can it be corrected?
