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Decoupling Modification
I have a K-1 from an LLC in which I am a member. It includes, under "Additional Information/Decoupling Modification Details (form 500DM)", an amount labelled "Depreciation Adjustment (Line 1)". This was not covered by TurboTax. Do I do something with this? (this is in regard to a roof repair on the building our LLC owns.)
‎January 21, 2022
1:10 PM