Drake Tax - 1041: Carrying Depreciation or Depletion to Schedule C, E, or F

Article #: 11118

Last Updated: October 18, 2024

 


Tags: Drake TaxK1

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How to get depreciation to appear on Schedule C, E, or F instead of the beneficiary's K-1

Go to screen 1 and check the box Carry the applicable amount of depreciation, depletion, and amortization to Schedules C, E, or F instead of to line 9 of the beneficiary's Schedule K-1. This moves the depreciation from the Schedules K-1 and Wks Sch K-1, to the applicable portion of Schedule C, E, or F:

  • Schedule C, line 13

  • Schedule E, part I, line 18

  • Schedule F, line 14