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Trial Balance ImportDrake Software User’s Manualas applicable. Because the remaining depreciation can comprise any number of assets,the amount entered on the trial balance does not flow to the return. To ensure that eachcomponent of the total remaining depreciation is calculated into the return, each assetmust be entered on the applicable depreciation screens in data entry (Figure 14-12).Figure 14-12: Enter depreciable asset data on a 4562 detail screen, or enter the totaldepreciation on the override screens. (Figure is from 1120S data entry menu.)_NOTEEntering the remainder of the depreciation on the trial balanceworksheet helps ensure that the balance sheet balances and providesa way to check that the amount on line 1 of Schedule M-1 iscorrect. Compare the calculated line 1 at the bottom of the trial balanceto the equivalent line on Schedule M-1 of the calculatedreturn. If the depreciation amounts match but the line 1 amountsdiffer, an M-1 adjustment could be required.Rental ExpensesThe following information applies only for partnerships and S corporations with multiplerental properties.The partnership and S corporation trial balances include lines for rental income andexpenses. Both rental expense items require a trial balance detail worksheet.Figure 14-13: Rental expense rows on an S corp trial balance worksheetWhen imported, the rental expense data entered on the trial balance worksheet appearson either the 8825 screen (if real estate rental) or the RENT screen (if rental other thanreal estate).308 Tax Year 2008