Schedule L Line 9B

[rhondajoy125]

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?

[PatriciaV]

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 

[rhondajoy125]

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