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Business & farm
Are you referring to the balance sheet (Schedule L)? If so, there should be an entry for the depreciable basis of the depreciable assets at the beginning of the tax year and accumulated depreciation.
TurboTax Business may not pick up the cost basis of the asset for the purposes of the balance sheet entries, et al. when data is imported into the program.
‎January 26, 2023
6:38 PM
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