Multiple assets in Sch E Asset Entry Worksheets

[idakeir1]

New ProSeries user here. Client has a rental property with several assets depreciated by prior tax preparer e.g. house, furnace, bathroom addition, etc. All need to be further depreciated. Do I enter each in a separate asset entry worksheet? TIA.

[dascpa · Accepted solution]

Yes.  Different assets, different lives, different basis.  Cannot combine.  And if you could what would happen if you disposed of one of the assets?

[idakeir1]

Thanks, that's what I thought.