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mjh1
New Member

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 Reply
ee-ea
Level 15

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.

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