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Depreciation split between multiple activities

cpg
Level 2

With a home office deduction and Schedule E room rental income in one home, how is the property's depreciation split between these activities in ProConnect? 

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1 Best Answer

Accepted Solutions
sjrcpa
Level 15

ProConnect is based on Lacerte.

My recommendation:

Set up the asset twice-once for home office and once for Sch E

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

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4 Comments 4
George4Tacks
Level 15
cpg
Level 2

Thank you for the response, but this is for Lacerte and two businesses. I need a solution for ProConnect for one home office and one Schedule E room rental.

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sjrcpa
Level 15

ProConnect is based on Lacerte.

My recommendation:

Set up the asset twice-once for home office and once for Sch E

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

Thanks. I was wondering if this was the solution, glad to see an expert recommend it.

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