We are using our personal TurboTax 1040, and noticed something concerning the Schedule E worksheet.
My wife's family owns a warehouse together, and splits ownership by 13 %
I found it odd that the TT worksheet would not allow this percentage to be applied for these entries:
Auto - line 6a Depreciation - line 20a
"ps56k" wrote in news:hp0hla$k6r$1 @news.eternal-september.org:
Line 6a on the schedule E Worksheet should be a dollar amount, not percentage. Depreciation - Line 20a is a dollar amount on the building, not percentage.
Line 6a is calculated on Form 4562 Depreciation and Amortization in Part V.
Line 20a is calculated on Form 4562 Depreciation and Amortization in Part I thru IV.
I am not an expert, just my two cents.
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