2021 ProSeries Professional-receiving error messages on "Asset Depreciation" entry page for a Residential Rental's Improvement (Flooring) depreciation in use since 2017. The error appears under the Additional Asset Details section of the Asset Entry Worksheet. I input 15 as the asset class for the improvement to a residential rental property placed in service on 6/1/2017.
Best Answer Click here
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
dkh, Thanks again. Of course, you were on point.
Why 15yr ? Wouldn't it be code I - Residential Rental Property - 27.5yrs ?
Hey. Good question. Yes. Let me recheck-the life of an improvement to Residential Rental Properties. Clearly, I have forgotten the rules.
Thank you.
dkh, Thanks again. Of course, you were on point.
In ProSeries, what is the Type of Asset for residential rental property bathroom renovation and new flooring-
Thanks
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.