pmbrioadycpa
Level 1
03-20-2021
08:34 PM
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There are two 100% business residential rentals. 2nd one added property for 2020 . Current year depr expense shows on 4562 (as it should). No depr expense is carrying to schedule E.
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pmbrioadycpa
Level 1
03-20-2021
08:42 PM
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Be sure depreciation expense is not allocated to beneficiary in K-1 distribution options
"Depreciation: 1=in fiduciary, 2=prorate to beneficiary [Override]" leave it blank. 🙂
