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Business & farm
I am having a big problem with a partnership tax return. It was done by a CPA for me and I am trying to use Turbo Tax Business (TTB). TTB does not have a way to handle inside basis (for basic depreciation) and the additional depreciation due to the section 754 stepped up basis. It impact both the schedule K and all the K-1s. I have spent hours on this and it is very frustrating!
Can anyone help me? I have tried going to Forms, but it does not permit overrides on these key fields.
thanks!
March 19, 2021
4:33 PM