The new turbo tax update says I have to use an asset type of Code X for land if the entire value is land. However, I can't find an asset type of Code X anywhere. Does anybody know how to do this?
Here is the message I received today when updating Turbo Tax. Note, this was NOT an issue until the recent update.
"Land Cost should not be the entire value of the asset. If this asset is entirely comprised of land and you want to keep this Asset Entry Worksheet for tracking purposes, change the Asset Type to Code X"
