NEW CLIENT PRIOR DEPRECIATION ON RENTALPROPERY
I HAVE NOT HAD THE OPPORTUNIY TO DO A 4562/179
THIS NEW CLIENT HAS A RENTAL PROPERTY
THE FOLLWING IS INFO FROM 2024 TAX YEAR
LINE 1. MAX AMT 1,220,000.00
LINE 3 THRESHOLD 3,050,000.00
PARTII SPECIAL DEPRECIATION LINE 14 3,135
PART III MACRS LINE 17 17.120
SECTION B (C) BASIC 2.090 LINE 19e 15 YESRA
QUESTION IS HOW DO I GET THE PART III IN 2025 AFTER ENTERING THE NUMBERS?
I'M I ENTERING THE NUMBERS IN THE WRONG WORKSHEET?
MY THINKING IS THE DEPRECIATION FOR 2025 SHOULD BE ABOUT THE SAME AS 2024
WHICH IS 20360.
ANY ASSISTANCE IS GREATLY APPRECIATED.
