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Get your taxes done using TurboTax
After messing around with it some more...
I can get everything to balance out IF....
I go to "Enter Your Assets" at the Balance Sheets then scroll down and there are 3 options
1) Other Investments
2) Short term Assets
3)Other Assets
I picked Other Investments and added $47,700.
While it works, I am not comfortable adding it to the category. The "assets" are Replace fence, New Concrete driveway, and Major roof repair (total $47,700).
I would have thought TurboTax would automatically add the assets when I add them to the
"Rental Assets Depreciation".
Is this something I need to do manually? and what category do I add the 3 new items to?
‎December 15, 2024
11:45 AM