depreciation help please

[ljwalters]

New Client. Old CPA quit or died she doesn't know. Phone has been disconnected.

I am trying to input Depreciation schedule from last years print out.

This is a Duplex

The problem is this CPA was all over the place. His prior Depr. doesn't ad up,

He put a deck at 27.5 years and shows all depr. taken (1989)

He put a 10'500 dolor roof at 15 yrs (1995) took $6,548 and quit.

Improvement he took 165yrs

appliance a whopping $55 he depreciated over 15yrs

And a second deck he decide to use 10 yrs

How would you fix this.

Just override everything and continue with his methods. and what about the lost depreciation.

Also the depreciation report shows no bonus depr. but one of mine is coming up with it and I can't figure out how to get it off the asset entry

[joanmcq]

File a 3115 to correct. In ATX, use the prior year depreciation button. Since it's all wrong, ATX isn't going to like it.

[Terry D EA]

I agree with Joan here as the 3115 is the best way to go to correct the depreciation.

[kcjenkins]

Yes, you can't just continue with erroneous lives, etc. Form 3115 lets you fix them all at once, you end up with one net adjustment and you are good going forward.

[ljwalters]

Found out that she lived in the duplex off and on for 6 years She has owned it and rented out the larger part of the duplex the full 26 years. That would explain the discrepancy in the accumulated depreciation. So on those assets should I override the accumulated depreciation. And change the ones with the wrong life times.

[joanmcq]

Use the prior year dep schedule to fix it, if you have all the earlier dep schedules.