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Business & farm
Yes, if you have a depletion expense it should come through to the Schedule E, Part III under either passive or nonpassive income or loss. On your 1041-K1 it should be listed in box 9 which will allow you to enter the depletion amount in TurboTax (that's the box you want to enter it in for TurboTax).
- Sign into your TurboTax account (online or desktop)
- Search, upper right, k1 > Jump to k1
- Continue to make the entries for each line on your K1
- Click the image attached to enlarge and view for assistance.
‎June 5, 2019
3:02 PM