George4Tacks
Level 15
01-08-2021
08:59 AM
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"Is there a schedule e worksheet in ProConnect? I have a partial rental so all the expenses and depreciation are based on a percentage. Turbotax did this for you."
There are tabs across the top Schedule E input > Look at Personal Use of Prop...
Your most typical options is (a) Percentage of business use (.xxxx)[Override] put the percentage of property being rented (let's use .6667) This one entry will take 2/3 of all indirect expenses and depreciation and use that on Schedule E. If you have some item that is TOTALLY for the rental (like gardening) then you put it direct column. You may further need to mess with the SALT deduction. You input all depreciation at full amount and the program will fix it up for you.
Answers are easy. Questions are hard!