How to convert assets from rental use to active farm use?

[Rox]

Taxpayer stopped renting home and farm land and converted all assets to active farm use. I want to move assets from Schedule E to Schedule F so that any prior passive losses are released from the rental history on the current tax return, and yet the asset still shows in ProConnect with its depreciation history but reassigned to flow to Schedule F.

[George4Tacks · Accepted solution]

At the top of each asset is a tie to the form. Change E to F. If you need to do it part year for each, then export the assets and import so you have duplicate. Put in a date of sale of the ones going away (NO sales price). Adjust the accumulated depreciation and date in service on the new ones, Change them from linking E to a Linking to F

.Export does not seem to exist, but this seems to be a work around https://proconnect.intuit.com/community/proconnect-tax-discussions/discussion/can-depreciation-sched...

2. https://proconnect.intuit.com/support/en-us/help-article/import-export-data-files/import-tax-data-sp...

[Rox]

Thanks! I see on the Depreciation Quick Entry screen an icon for downloading into a CSV file. This is new and appreciated.