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Level 3
posted Jan 30, 2025 3:05:35 PM

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?

0 2 2216
2 Replies
Expert Alumni
Feb 2, 2025 8:14:22 AM

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 

Level 3
Feb 2, 2025 9:36:39 AM

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