Percentage Depletion

[allysonlove]

Where do I enter percentage depletion for royalties in Proconnect Tax?

[qbteachmt]

I think more details would be helpful.

1040? Sched C? Sched E? 1065? Oil, gas, gold, gravel...Producing or leasehold or?

[allysonlove]

Sorry my bad. 1040 schedule E. Producing 

[allysonlove]

I know in Proseries it goes in line 18B on schedule E 

[qbteachmt]

The form hasn't changed. It's columns for each property, and line 18 still is depletion. Are you looking for a worksheet?

[allysonlove]

Yea the worksheet is what I am needing help to find

[PhoebeRoberts]

In Lacerte (so likely also ProConnect), the depletion screen is called Oil & Gas. Link to Schedule E, enter at least one property. 

Because dollar rounding gets material fast with multiple properties, I do my depletion in Excel and enter summary info in the O&G screen, so Lacerte can apply stuff like the 65% of net income limitation.

[qbteachmt]

Here is a help article:

https://proconnect.intuit.com/community/form-1099-misc/help/entering-rental-and-royalty-property-sch...