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

1456

Returning Member

Jun 6, 2019 1:44:15 PM

You must select the T code and enter the amount.

If you have T1, T3, and T4 for example, enter the following:

Code Amount

T??????????123.45

T??????????0

T??????????7.73

T??????????13.66

Same for Code Z entries?

Why sign in to the Community?

How do I enter percent and cost depletion for the same K1 in Box 20 Code T?