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nhanowski
New Member

Why does Turbotax Business deduct depreciation as both ordinary loss (Form 1120S Line 21) AND as a business expense (on Form 8825)?

The depreciation loss gets "double credited" on the Schedule K-1 Form.  When I go back and try to delete the entry on Form 8825 as a business expense, it won't let me delete it.
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2 Replies
M-MTax
Level 10

Why does Turbotax Business deduct depreciation as both ordinary loss (Form 1120S Line 21) AND as a business expense (on Form 8825)?

What type of property is being depreciated? 8825 is for rental real estate.

nhanowski
New Member

Why does Turbotax Business deduct depreciation as both ordinary loss (Form 1120S Line 21) AND as a business expense (on Form 8825)?

It is rental real estate. But for some reason, TurboTax populated the depreciation deduction in both form 1120s Line 21, and on Form 8825 in the business expenses Line 14. I can’t delete it out of business expenses. 

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