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Jehrlich
Returning Member

I have a 743b depreciation expense not in line 2 of Schedule K-1. 1065 instructions state to put this on line 28 of Schedule E (1040). Is this a manual override?

 
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1 Reply
CaronM
Intuit Alumni

I have a 743b depreciation expense not in line 2 of Schedule K-1. 1065 instructions state to put this on line 28 of Schedule E (1040). Is this a manual override?

You'll want to refer to the 1040 instructions, not the 1065 ones. There should be a place in the K-1 inputs for other deductions not subject to the 2% limitation. You'll want to list it there.

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