Code each of the assets to Form 4562 Only, not to the deleted schedule. It has nothing to do with the bulk sale, just with the deleted schedule.
Does PTO have the same "1" = delete this year, and "2" delete for next year? (Lacerte, PTO's big sister does 😉
If so, did you mark the Sch C/E/F related to the assets as "delete for this year."?
The sale of property & dep assets is for a rental property used in business
What is the error? Does it have to do with depreciation methods used? Is it a critical efile error? You may be able to just ignore the error and efile. If you can't give a full description of the error we (other users) can not help you.
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Sale of rental property w/1031 - property and assets on form Schedule E - depreciation assets gives a critical diagnosis Depreciation asset # Sent to form or schedule deleted this year US Ref #2025020
Delete Next Year still gives the error - it only wants to be deleted this year. I tried to take off the disposition information entered for the sale and it still gives the same error. it almost feels that I need to delete the asset and rebook again.
DELETE FOR THIS YEAR error is on the asset being sold from SCHEDULE E and on the associated assets (impovements, equipment) linked with the property being sold
Change DELETE FOR THIS YEAR to DELETE FOR NEXT YEAR.
Ya can't sell stuff that aint' there any more!
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They can talk you throuh this
@George4Tacks Hope s/he can 'hear' you 😉
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