kndevine
Returning Member

Get your taxes done using TurboTax

Unfortunately, that's not how TurboTax Business reports it. (I'm working on the taxes on both sides of this - the LLC in TurboTax Business, and my personal taxes in TurboTax Desktop for Windows.)

 

Line 9c is my share of the total depreciation and line 10 is the net 1231 gain. The line 10 gain uses the original basis before the 754 election and the adjustment to the basis is reported on Line 20 Code U.