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Business & farm
I have the same problem and it relates to reporting K-1 figures on my 2023 personal return. Last year the K-1 reported code W for Section 754 depreciation, but this year it used the code ZZ ......which is "other". As a result, the depreciation isn't getting picked up. How do I adjust in TT so that the depreciation is properly subtracted when computing my share of partnership income?
March 7, 2024
6:45 PM