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Schedule L Line 9B

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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2 Replies
PatriciaV
Employee Tax Expert

Schedule L Line 9B

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.

 

@rhondajoy125 

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Schedule L Line 9B

WIll do and I’ll post what happens. Thank you

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