idakeir1
Level 1
04-12-2022
09:59 PM
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New ProSeries user here. Client has a rental property with several assets depreciated by prior tax preparer e.g. house, furnace, bathroom addition, etc. All need to be further depreciated. Do I enter each in a separate asset entry worksheet? TIA.
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dascpa
Level 12
04-12-2022
10:03 PM
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Yes. Different assets, different lives, different basis. Cannot combine. And if you could what would happen if you disposed of one of the assets?
idakeir1
Level 1
04-12-2022
10:06 PM
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Thanks, that's what I thought.
