MRR7
New Member

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?