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Problem

An issue has been reported in Reckon APS Tax 2020.2.0 where the Allocation Target(s) field under Capital Deduction in Asset worksheet is blank after rollover to 2020. This issue affects the 2020 Individual tax returns with rental property assets. 

Solution

The problem described in this article has been fixed in APS Tax 2020.3.0 with reference TAX-233. If you're in a lower version or the return was rolled over in a lower version, please apply to the workaround below.   

Workaround

Please follow the below steps for a workaround. 

1. Under Asset Profile, Change the answer to the question "A rental asset? (100% allocated to one rental property)" to "No"
2. Change the answer to the above back to "Yes"
3. Complete the field "The rental property to which this asset belongs"

 

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