Unreimbursed partnership expense

[Kea]

I'm starting my testing of Drake (and other software) with some of my more challenging returns.

I took a return from my 2009 ATX and coverted it to Drake to open in the 2010 version. It contained several assets for depreciation as unreimbursed partnership expenses (client inherited and partnership did not make any internal adjustments to basis). This has been handled over the years differently in ATX, TaxWorks and TaxWise. I can't find anything in the help section.

Drake did convert the assets over, and assigned them to number "4" - which is correct because they had been associated with the 4th K1. But the first block is empty - because the assets don't belong to A, C, E (here they are refering to page 1), F, OIH.

Thanks!

[jklcpa]

I can't answer for the 2010 program, but I just tested this for you in the 2011 and 2012 and the 4562 input screen's first box has selections for A,C,E,F, 2106, 4835, Auto, 8829, K1P, and K1S. Selecting K1P does carry the depreciation to pg 2 of Sch E as UPE. Be sure to click on the drop down to look at all of the choices for that first box because maybe what's written as the description of the box isn't showing all the choices that are available.

[Kea]

I'll check (not on my work PC right now). Your list looks a lot like what I saw in the list and in the help box. Only difference was 2010 didn't include K1P or K1S.

Hopefully they will roll-over for the 2011 test.

Thanks. I'll look again.

[Kea]

They did add it to 2011. That is where I was looking in 2010. I left them with no form assignment and the did roll over to 2011. I could assign them for 2011.

Thanks so much.