Yep, that’s a known TurboTax bug with IDC amortization. If you elect 5-year amortization on $60k, your current year deduction should be $12k, but the software is mis-matching the fields and blocking e-file.
Two options:
1. Switch to 100% expensing in year one (if you qualify and want the full deduction now).
2. Stay with 5-year amortization, but you’ll need to override in desktop Forms mode or print/mail the return—e-file won’t pass the check until Intuit patches it.
Annoying, but it’s a software issue, not your math.
Fieldvest has a simple savings calculator that shows how much you could lower your taxes with an oil & gas investment.
