Actually, the amortization piece will show up as a loss to offset against other income if you have any. It is on schedule 1 but it flows to line 8 on the 1040 not to line 10, the adjustment to income line. (It is treated as a schedule C loss, even though I do not have a trade or business.) To get the system to correctly calculate the amortization, you also need to input the date of acquiring the asset as being 07/01/2023. Otherwise, you do not get the correct amortization amount since section 194 provides for a half year convention for the amortization calculation. Software should really do this calculation for you. I used Lacerte for years and I am pretty sure it handles this situation. Intuit owns both softwares so I do not understand why you would have to jump thru all the hoops to get the correct results. I did look back at the 2022 turbotax software and you are correct in that the software did not do this calculation in the past.
