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An asset has an undepreciated cost which should not have depreciation calculated since it was taken out of service.
Is there a way to keep an asset (which is not fully depreciated) listed on the Depreciation schedule but indicate that it is out of service? I don't want to override depreciation every year.
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Use 99 for the method (Land or 'other')
And/ or send it to Form 17=Form 4562 only. The deprec schedule will still print but the numbers don't hit the ITR.
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Maybe that works. This is a primary residence that was rented as a vacation home from 2010 to 2016 then, for some reason the CPA took it out of service. What I want to do is show the original cost and the "business" cost so that I have a record when the house is sold.
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AND.... I think you get a critical diagnostic but it doesn't impact efiling. Or, I'm thinking of one I have that I send to a 'non-existent' Sch E (too long of a story 😉
