Suggestions

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Line Item Depreciation Enhancement

For those of us who have commercial real estate, there are many times where we enhance the original property (expansions, new parking lot etc). These additions, which can be quite substantial, typically result in an additional item(s) in the depreciation schedule on the tax return. For more advanced situations, you can accelerate (and split out of the main structure) certain items which have vastly different schedules. I suggest the ability to add line items to the depreciation information within the Real Estate Asset in order to provide the most accurate cash flow/tax information within PL. As I mentioned to Shawn, we also need a 1/39 depreciation schedule (not the residential real estate 1/27.5).

2 votes

Tagged as Suggestion

Suggested 22 December 2022 by user Paul Gilreath