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Issues and Potential Errors
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Topic starter February 28, 2023 10:53 pm
There appears to be a small error with real estate depreciation periods. Per IRS Publication 527, residential real estate has a 27.5 year depreciation life. Pralana uses 27.0 years for the depreciation schedule. So, there is a minor difference in annual depreciation as compared to my HR Block software.
March 1, 2023 8:37 am
Thanks, Hoyt. I'll make that minor adjustment in the next release.
Stuart
