Depreciation split between multiple activities
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?
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?
ProConnect is based on Lacerte.
My recommendation:
Set up the asset twice-once for home office and once for Sch E
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