Skip to main content
Level 3
October 6, 2021
Solved

Depreciation split between multiple activities

  • October 6, 2021
  • 1 reply
  • 11 views

With a home office deduction and Schedule E room rental income in one home, how is the property's depreciation split between these activities in ProConnect? 

This topic has been closed for replies.
Best answer by sjrcpa

ProConnect is based on Lacerte.

My recommendation:

Set up the asset twice-once for home office and once for Sch E

1 reply

George4Tacks
Level 15
October 7, 2021
cpgAuthor
Level 3
October 7, 2021

Thank you for the response, but this is for Lacerte and two businesses. I need a solution for ProConnect for one home office and one Schedule E room rental.

sjrcpa
sjrcpaAnswer
Level 15
October 7, 2021

ProConnect is based on Lacerte.

My recommendation:

Set up the asset twice-once for home office and once for Sch E

The more I know the more I don’t know.