Transferring a depreciation worksheet to a rental schedule:
Example: The taxpayer has a rental property at Unit 56 12 Glenhuntly Road with depreciable fixtures.
Complete the address details within the Rental Schedule.
From the tax return outline, highlight the Depreciation worksheet, click Add.
In the Title field, enter a title: e.g Rental Property.
In the Transfer to field, enter the destination number: 3
Note: The number 3 mentioned above represents Rental Property Schedule, you can press F1 to get help on more options. This option excludes Pooling Depreciation. Where a Low Value Pool is used, the value is transferred to D6. The amount transferred is calculated using the Rental % ownership entered in the Rental Schedule.
5. In the Transfer description field press F5 and select your rental property from the available list.
6. Enter the details of the depreciation assets.
7. Click Save, Close.
Checking the depreciation transfer to the rental schedule:
Highlight the Rental Schedule then click Edit.
The depreciation transferred will appear transferred under Expenses.
