Answered: Why isn't current year depreciation carrying to Schedule E when there are no changes to the rental real estate property from prior year (form 1041)?

pmbrioadycpa · ‎03-20-2021

There are two 100% business residential rentals. 2nd one added property for 2020 . Current year depr expense shows on 4562 (as it should). No depr expense is carrying to schedule E.

pmbrioadycpa · ‎03-20-2021

Be sure depreciation expense is not allocated to beneficiary in K-1 distribution options

"Depreciation: 1=in fiduciary, 2=prorate to beneficiary [Override]" leave it blank. 🙂

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pmbrioadycpa · ‎03-20-2021

Be sure depreciation expense is not allocated to beneficiary in K-1 distribution options

"Depreciation: 1=in fiduciary, 2=prorate to beneficiary [Override]" leave it blank. 🙂

Why isn't current year depreciation carrying to Schedule E when there are no changes to the rental real estate property from prior year (form 1041)?

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