Reforestation costs are entered in two areas of TurboTax, depending on the total amount you spent.
Up to $10,000 may be entered under Less Common Business Situations >> Business Deductions. Although the program will let you enter any number, the IRS rules limit the deduction to $10,000 in the first year.
Any excess over $10,000 may be entered under the related business or rental property as an Intangible Asset. Use Code 194, which appears in the drop-down under "Select a Code Section." Enter 7 years (84 months) as the period to amortize. TurboTax will calculate the amortization for this year and carry the information over to future tax returns.
This process in TurboTax has been the same for the last several years - you must make the split yourself and enter the correct amounts in each area of the program.
See also: IRS Pub 535, Reforestation Costs in chapter 7.
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