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My tax preparer used code W on section 13 of my schedule k-1 for $307 depreciation/amortization. Turbotax wants me to enter code W detail, I'm not sure what box to check.

My tax preparer used code W on section 13 of my schedule k-1 for $307 and description says depreciation/amortization. However, on Turbotax when it ask for me to enter code with detail, I am not sure which box to check. Should I choose the box that says Section 754 depreciation or the box that says I have another description item? I am not sure how to handle this?


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1 Reply
IreneS
Intuit Alumni

My tax preparer used code W on section 13 of my schedule k-1 for $307 depreciation/amortization. Turbotax wants me to enter code W detail, I'm not sure what box to check.

Mark the box for Section 754 Depreciation.  Then enter the amount in the Section 754 Depreciation box that pops up.


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