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Business & farm
"The default for TurboTax Business is to allocate depreciation in accordance with the allocation of rental income."
Yes, I figured this out after I posted my comment regarding this issue. I'm forced to take a distribution of 100% of the income each year, therefore 100% of the depreciation would be given to me as well. I'm not sure if it makes a huge difference, but wondering about it being done wrong the last 2 years.
May 19, 2021
9:33 PM