ATX Software - Depreciation after 982 filed

[BulldogTom]

Client came in last year with a hefty 1099C. They renegotiated the loans on their home and 3 rentals. We went through the insolvency worksheet to exclude the income and reduced basis in all the rental properties on form 982 filed with the 2009 return. I thought I lost the clients after I put them through all of that. NOPE. They have made an appointment for 2010 taxes.

So, I know how much I have reduced the basis in the three rentals. How do I change it in ATX? Do I just override the accumulated depreciation in the asset manager?

Thanks in advance.

Tom

Lodi, CA

[Pacun]

Go to the cost field on asset entry and reduce the cost by the amount forgiven.