pacoford
Level 5

Thank you for your input. It is NOT being rented out. The primary income for this client is farming. A small percentage is used to perform office duties, etc. for the farm. Therefore, it is residential and not rental, but ProSeries Basic does not allow me to take all of these pertinent factors. This account is on its 4th year of depreciation using the straight line method with a recovery period of 39 years. I will reiterate that this is the first year that I prepare this clients return and am recording depreciation per the books of another preparer. 

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