Answered: Why is the Depreciation expense not showing under Ordinary income?

shayalebo-gmail- · ‎02-26-2022

George4Tacks · ‎02-27-2022

In the Quick Entry look at the 2nd item for Form be sure it is a 1

Answers are easy. Questions are hard!

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George4Tacks · ‎02-27-2022

In the Quick Entry look at the 2nd item for Form be sure it is a 1

Answers are easy. Questions are hard!

shayalebo-gmail- · ‎02-28-2022

Got it, so there is no need for form 8825 if the main activity of the business is rental real estate?

Why is the Depreciation expense not showing under Ordinary income?