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Business & farm
I don't know much about Partnerships, but it seems like the accountant did it correctly. This article says "The partnership uses the depreciation method and remaining depreciable life used by the transferor."
<a rel="nofollow" target="_blank" href="http://www.thetaxadviser.com/issues/2014/apr/casestudy-apr2014-vm.html">http://www.thetaxadviser.com...>
I suspect that you will need to manually do things in TurboTax. You can probably go into "Forms" mode and enter the information directly on the Asset Entry Worksheets. TurboTax may still give you an error and you would need to file by mail, but that would probably do it.
<a rel="nofollow" target="_blank" href="http://www.thetaxadviser.com/issues/2014/apr/casestudy-apr2014-vm.html">http://www.thetaxadviser.com...>
I suspect that you will need to manually do things in TurboTax. You can probably go into "Forms" mode and enter the information directly on the Asset Entry Worksheets. TurboTax may still give you an error and you would need to file by mail, but that would probably do it.
May 31, 2019
7:08 PM