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Auto depreciation taken on Rental LLC K-1 and separately on "C" for the same vehicle.
As depreciation is taken under the K-1 the basis is reduced. TT H& B does not know about the reduced basis taken outside of the program. Is there a way to manually enter the depreciation so that TT has the correct basis when calculating next years taxes?
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‎February 5, 2023
11:28 AM