Fsaglio
Level 2

Does anyone know how to get the depreciation from a 743(b) adjustment to wind up on line 13 of the K-1 with code "V"?  

I have entered the basis adjustment as an asset on Screen 14, depreciation, entered its basis, date in service, method, etc.  On the line for "special allocation" I have selected "Section 743(b)".  

On screen 29, "special allocations", I have allocated the depreciation from those assets to the partners correct partners.  

I'm coming out with the right amount of income, but Lacerte is not carrying the depreciation to line 13 with code "v".  

Any suggestions for what I'm missing? 

 

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