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Level 3
April 14, 2022
Solved

DO I CALCULATE DEPRECIATION EXPENSE FOR RESIDENTIAL RENTAL PROPERTY MANUALLY? OR DOES THE SYSTEM CALCUATES IT? AND IF SO , WHERE DO I ENTER THE INFORAMTION? THANKS

  • April 14, 2022
  • 1 reply
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Best answer by jeffmcpa2010

On the rental schedule input worksheet (I presume you know what form rentals go on) there is a link to enter fixed assets  for that rental.

You enter the information and ProSeries will make the computation based on your input.

1 reply

Level 10
April 14, 2022

On the rental schedule input worksheet (I presume you know what form rentals go on) there is a link to enter fixed assets  for that rental.

You enter the information and ProSeries will make the computation based on your input.

KAREEM360Author
Level 3
April 14, 2022

Thank you! 
Truly appreciate it.