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Where to enter Intangible Drilling Cost Amortization
Hi, I invested in an oil and gas well in 2015 and I get K-1 for it. In 2015 K-1, IDC of $6460 was mentioned on Box 13J so I have been amortizing $1292 every yr ($6460/5). I didnt use Turbotax last yr so it doesnt know about this IDC. How and where do I enter this $1292 amortization?
May 7, 2021
4:21 PM