How can I delete a Form 4835 used last year from this year's return? Turbo Tax is evidently carrying over depreciation on a business that I'm reporting on Sch E now.

Because the farm is now cash rented, it's supposed to be reported as Rental Property on Sch E; but Turbo Tax is showing "Farm Income and Farm Rental" that I reported last year on Form 4835, and it's showing a loss for this year for that item. I'm guessing it's because Turbo Tax is carrying over the old assets depreciated last year; but I've already reported them on the Rental Properties section. I can't figure out how to get these off. Any suggestions?

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1 Replies

Level 15

Jan 27, 2023 11:23:52 PM

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-forms/view-delete-forms-turbotax-online/L7SZhwCHv_US_en_US?uid=ldfmmj3d

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How can I delete a Form 4835 used last year from this year's return? Turbo Tax is evidently carrying over depreciation on a business that I'm reporting on Sch E now.