I had to override the amount Turbo Tax in Line 9B on Schedule L because the software was not deducting the Accumulated Depreciation from the Land Asset. It was inserting the depreciation amount only. Is this a bug that will be fixed? I was reluctant to save my file because I did the override. Anyone else have this issue and did I do the right thing?
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This section of Schedule L was updated recently. Be sure to let TurboTax update the next time you open the program.
Then please remove your override on Line 9 and check if the balance is calculating correctly now.
WIll do and I’ll post what happens. Thank you
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