verakw
Level 1
03-24-2021
03:12 PM
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I've transitioned from ProSeries 2020 to ProConnect for 2021.
2019 8829 inputs:
2020 8829 inputs:
2019 Depreciation Report includes the home, date of service, basis, land value, and business %:
4.97% x $383200 = $19,045
But the 2020 Depreciation Report looks like this:
Inputs are all the same, but the Depreciation Report says 49.70% business use, rather than 4.97% - depreciable basis is calculating as $190,351, rather than $19,045.
All the other depreciable assets related to 8829 are reflecting the 4.97%:
Can anyone explain to me what is going on here, or how to rectify this??? I can reduce the business basis by 10x, since they're calculating a 10x on the business percentage - but I really want to understand why.
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