loricpa100
Level 4
04-11-2023
10:13 PM
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Pheobe - yes, I printed the schedule as I do not wish to lose the lives and this point in time. 99 does wipe that out. I do not mind a blank Sch E - my fear is I forget and then add to passive losses with a depr loss only and 8582. Since it would not change taxable income, in late April an oversight could occur. My fear.
EVERYONE - thank you. I think the 99 is the best way to stop it and avoid my aforementioned fear. That said, since this year I already went asset by asset to put in -1 to suppress the current depreciation - going to stick with that. And a HUGE note in the file.
Happy Taxing everyone!