Dhawk Posted May 30, 2020 Report Share Posted May 30, 2020 Having trouble getting ATX to do what I want regarding mixed use vacation home rentals for three different clients. Have two problems. Depreciation is hard to get so that the proper amounts carry forward. In none of my cases will depreciation be deducted currently but the carry over amounts are wrong. If you change the percentage on fixed assets, it changes the recovery basis. I plugged my numbers into CFS Tax Tools and got the numbers I expected. CFS takes the 100% rental amount times the percent figured by the personal days and rental days. I think CFS is right as their worksheet looks just like one in the IRS instructions. The second problem is with operating expenses put on the other expense line. They don't get properly carried forward either. Quote Link to comment Share on other sites More sharing options...
DANRVAN Posted May 30, 2020 Report Share Posted May 30, 2020 Welcome to our board Dhawk. I have not used ATX for mixed use vacation homes but hopefully someone here can help you. Quote Link to comment Share on other sites More sharing options...
Dhawk Posted May 31, 2020 Author Report Share Posted May 31, 2020 Think I got the solution. Override the depreciation amount on Form 4562 instead of changing the percentage on fixed assets. Quote Link to comment Share on other sites More sharing options...
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