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Agreed. But that does not explain why there is still a difference between basis and prior depr. I just followed@sjrcpa 's suggestion and forced the remaining am...
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How would I go about overriding it? Thanks.
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Placed in service 4/1/1993Cost Basis: 217,950Prior Dep: 213,990Method: S/L MM 27.5yrsCurr. Dep : 0.
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The "Prior Depreciation" amount is less than the Cost Basis amount; with the difference being the final half year amount. Yet the "Current Depreciation" column ...
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I have a rental building that has 6 months left of depreciation on its 27.5 year class life. That final depreciation amount is not showing up on Sch E and the d...
