Drake Tax - 1041: Carrying Depreciation or Depletion to Schedule C, E, or F
Article #: 11118
Last Updated: October 21, 2024
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:
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Schedule C, line 13
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Schedule E, part I, line 18
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Schedule F, line 14
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.