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How do I keep the depreciation schedule in but stop taking depreciation?

MVH
Level 2

I have two clients who will need to keep track of prior depreciation taken on a property, but stop taking the depreciation. Their circumstances are different, but they both need to stop taking depreciation. I don't want to delete the depreciation showing prior depreciation because I want future tax people to know about it and to be able to keep track of it for the future, but in both cases the depreciation should stop.

How do I do that with Tax Pro Connect?

Thanks for your help!

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1 Best Answer

Accepted Solutions
sjrcpa
Level 15

Enter -1 for current depreciation.

The more I know, the more I don't know.

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2 Comments 2
sjrcpa
Level 15

Enter -1 for current depreciation.

The more I know, the more I don't know.
MVH
Level 2

Thanks! I don't know how I missed that. I looked at that page (in the details) several times and just didn't catch. That.