Skip a year of depreciation?
I have a client whose Schedule E wasn't operating for a year. (The building was inhabited rent-free by a family member for part of the year, unrentable for the rest. No attempt was made to get a paying tenant.) Since the business was on hiatus for that year, we can't claim any expenses, including depreciation.
Is there any way to make Lacerte skip a year for depreciation, then pick up where it left off?
I've played with this a little using a sample client and an imaginary 3-year asset. In the second year I tried entering -1 for current depreciation, and -1 for business percent, and proforma'd each method for a couple of years. Either way, Lacerte treats year 3 as the final year, taking partial depreciation. Year 4 has $0 depreciation, as though it were fully depreciated, even though there's a year's worth of basis remaining.
Entering the asset in year 2 as if for the first time, changing Prior Depreciation to match actual (a year's-worth lower than normal) doesn't solve the problem.
Manually adding a year to the Life doesn't solve the problem, and messes up the dollar amounts.
I'm hoping there's a trick that takes care of the whole thing quickly, similar to skipping a year for claiming a dependent, but that's probably wishful thinking.
The only solution I see is to attach notes instructing the preparer to override the depreciation in each of these assets' next-to-last and last years (and hope the notes aren't garbled or lost over the next several years).
Any other suggestions are very welcome!