How do I enter percent and cost depletion for the same K1 in Box 20 Code T?
TurboTax asks if I want to use percent depletion or cost depletion. How do I choose? My K-1 has multiple T entries for box 20 including:
T1 Sustained -
Assumed Allowable Depletion
T2 Cost Depletion T3 Percentage Depletion in Excess of Cost
Depletion
T4 Percentage Depletion in Excess of
Basis