Tom - House Deprecations And MMK

[care-care]

Ok So I entered in my home for 2012. becuz i thought I asked prevoius year if I need to enter it every year and I was told yes. now I printed out my depreciation worksheet and it shows it two times. one time at my ts percent that I am at and another at like 4 percent and totals the two together. is this right? I dont get it.

[TomCopeland]

You only need to enter your home in Minute Menu once (the first year you used it for your business). The software won't calculate your depreciation deduction, because it's complicated to do on a record keeping program. Print out the depreciation report that shows your home on it. Then get help from a tax preparer or my FCC Tax Workbook and Organizer to figure out how to depreciate it.

[care-care]

Ok so The first year I was in business I entered it. I should go back in a delete the one i added and it should fix it self im assuming.

[TomCopeland]

Ok so The first year I was in business I entered it. I should go back in a delete the one i added and it should fix it self im assuming.

Yes, go back and delete the second year entry.

[care-care]

thank you so much