Bulk depreciation gives error - sent to form or schedule deleted this year

[DSM]

It shows as a critical error (using bulk depreciation for property sale with associated assets).

[PhoebeRoberts]

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.

[abctax55]

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."?

[DSM]

The sale of property & dep assets is for a rental property used in business

[George4Tacks]

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.

Contact Support EITHER https://proconnect.intuit.com/community/proconnect-tax-news-updates/discussion/proconnect-tax-assist... OR https://proconnect.intuit.com/support/en-us/help-article/intuit-account-settings/contact-proconnect-...

[DSM]

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

[abctax55]

As I previously asked.... DO you have the Schedule E marked as "delete THIS year"

If so, don't do that.  Delete it for NEXT year.

[DSM]

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.

[abctax55]

The 'delete for this year" I am asking about is the ACTUAL Schedule E, NOT the asset being sold.

[DSM]

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

[abctax55]

I give...buh bye

[George4Tacks]

Change DELETE FOR THIS YEAR to DELETE FOR NEXT YEAR. 

Ya can't sell stuff that aint' there any more!

[George4Tacks]

Contact Support EITHER https://proconnect.intuit.com/community/proconnect-tax-news-updates/discussion/proconnect-tax-assist... OR https://proconnect.intuit.com/support/en-us/help-article/intuit-account-settings/contact-proconnect-...

They can talk you throuh this

[abctax55]

@George4Tacks   Hope s/he can 'hear' you  😉