Skip to main content
Level 2
February 3, 2026
Question

Basis for Depreciation Override on Form 4565 for Listed Property in Partnership

  • February 3, 2026
  • 1 reply
  • 15 views

I'm working on a partnership return, with a listed property (Truck) that has taken section 179 in prior years. I need to be able to enter the Cost or other Basis as is but enter the Basis for Depreciation as $0 on 4562 so that no depreciation is calculated but the cost basis is still tracked. 

How do I do this in ProConnect?

1 reply

George4Tacks
Level 15
February 3, 2026

Go to Depreciation  > Enter name,Form, activity.,category, Date then hit DETAILS AND SCROLL DOWN

Prior Section 179 expense

Answers are easy. Questions are hard!
EBadzAuthor
Level 2
February 3, 2026

Thank you! I was trying to do it under the direct input, this works!

George4Tacks
Level 15
February 4, 2026

GENERALLY = Do NOT use direct input for anything.

Answers are easy. Questions are hard!