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Post-1986 Adjustment for Form 1065 K/K-1

remcpabsg
Level 2

Entering data for new client with prior fully depreciated assets; Proconnect is calculating a Post-86 Adjustment for a fully depreciated item from 2008 with 5 year life.  Even with Auto limits, all depreciation taken well before current tax year.  What is triggering the Schedule K Line 17a?  Thank you.

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2 Comments 2
PhoebeRoberts
Level 11
Level 11

You didn't enter an amount for prior AMT depreciation allowed.

remcpabsg
Level 2

Thanks.  I must have missed that section.

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