Welcome back! Ask questions, get answers, and join our large community of tax professionals.
  • Sign In
  • Elevate 2026 Pencil Banner
    cancel
    Showing results for 
    Search instead for 
    Did you mean: 

    Suspend depreciation claculations

    michele
    Level 7

    When a Rental is not rented for a year and you do not depreciate for a year in Lacerte do you have to manually  have to go into every item and input prior depreciation in order for it to pick up previous years deprecation. I had one that had been depreciated for 7 years stopped for 1 year and the 

    year that it was restarted it looked like you would have to reenter the accumulated depreciation because it was starting from square one as far as the depreciation

     

    thanks

    Michele

    0 Cheers

    This discussion has been locked. No new contributions can be made. You may start a new discussion here

    3 Comments 3
    TaxGuyBill
    Level 15

    First, take a step back. 

    Why was it not depreciated for a year?  Was it converted to personal use? 

    Was it (a) exactly 1 year, (b) slightly less than 1 year, or (c) more than 1 year?

    michele
    Level 7

    The rental was not rented for a year. They took a break from renting then decided to rent it the following year. So it sat vacant for a year

    0 Cheers
    ScottG
    Level 1

    On Screen 22. Depreciation - You will enter a -1 as the override for "current depreciation/amortization" in the asset information window for each asset you want to suspend depreciation for.

    0 Cheers