When I enter rental property information it calculates profit correctly with the depreciation cost included. When I calculate total income for distribution out of the trust it eliminates all depreciation and generates much larger income. In the PDF printout dep is also zerod out.
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"TX Business for trust return shows depriciation of rental units correct but zeros dep' for income calculation."
The default for the software is to pass through depreciation to the beneficiary(ies). If you look at your K-1(s), you should see your depreciation on Line 9 with a "A" code (directly apportioned deductions).
You can change this default position in Forms Mode directly on Schedule E (see screenshot).
"TX Business for trust return shows depriciation of rental units correct but zeros dep' for income calculation."
The default for the software is to pass through depreciation to the beneficiary(ies). If you look at your K-1(s), you should see your depreciation on Line 9 with a "A" code (directly apportioned deductions).
You can change this default position in Forms Mode directly on Schedule E (see screenshot).
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