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Business & farm
turbotax for business is limiting my decpreciation to the LLC income
What kind of income? Passive income from rental property maybe?
Also a note about doing over rides in TurboTax. There are two things that you need to be aware of if you do an over ride.
1) You automatically invalidate the TurboTax 100% Accuracy Guarantee.
2) You will not be able to e-file the return. You will have no choice but to print, sign and mail the return to the IRS. Same is true for a state return if you're completing a state return also.
‎February 8, 2020
4:29 PM