pat
Level 5
12-07-2019
09:42 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Yes, the basis was tripled in 2017/2018 due to the Source field on a multi-state return not proforma'ing from 2016 to 2017 and Lacerte tripling the value. The previous tax preparer for TYs 2017 and 2018 did not notice the high value on the depreciation schedule. Be aware of this in Lacerte - the Source does not proforma and the values sourced then become the cumulative amount.