I have two vehicles for an S-Corp involved in a like-kind exchange. The depreciation on the vehicle disposed of was depreciated on the half-year convention so depreciation in the year of disposal should be half but pro series is using for full year. Also, is there a way to link the two vehicles involved in the exchange from the asset entry worksheet to form 8824 or do I manually enter the asset information?
Any advice I can get to make sure these assets are recorded properly would be appreciated especially on the asset entry page. I did manually enter the information into form 8824 and I end up with the amounts that I calculated manually but I new to pro series and would love some guidance to make sure I've done it properly.