In 2016 and 2017, TT did calculate the depreciation by property and load the values on Schedule E depreciation line. 2018 TT is calculating the depreciation by property on the TT worksheet but not loading on schedule E so the 1041 taxable income is overstated by the total depreciation amount. The depreciation amount is being reported as a reconciling item on the K-1
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" 2018 TT is calculating the depreciation by property on the TT worksheet but not loading on schedule E..."
Depreciation typically follows the income generated by the asset. If you made a distribution of rental income, the depreciation deduction will flow to the K-1(s).
You can change the default by entering Forms Mode and allocating the deduction to the estate or trust (see screenshot).
" 2018 TT is calculating the depreciation by property on the TT worksheet but not loading on schedule E..."
Depreciation typically follows the income generated by the asset. If you made a distribution of rental income, the depreciation deduction will flow to the K-1(s).
You can change the default by entering Forms Mode and allocating the deduction to the estate or trust (see screenshot).
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