gmaislin
Returning Member

Business & farm

Thank you for your response.  I think I figured it out.  Turbotax incorrectly filled out line 10 of Asset entry.  The amount it filled out was over $200,000 but the business basis is only $85,000.  It was as if Turbotax ignored that that the business basis is only 25% of the total value.   There is a note assoicated with Line 10 Prior Depreciation that says, if blank, prior depreciation from Asset Life History is used.   That's exactly what I want!  So all I had to do was blank out the erronious value populated by TurboTax.  I do believe this is some sort of bug.