Last Updated:
Article #: 11118
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
Drake Tax 2018 and prior
In Drake18 and prior, this checkbox is located on screen 5.
In Drake15 and prior, the option is on screen 5 and is labeled Do NOT Carry depreciation to Schedule K-1, but to the Schedules.