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Investors & landlords
@Carl I must have been asleep... It came over that way. The asset the year before was 183,337 less land brings it to 116,670 less prior depreciation from the depreciation schedule of $12,552 and state matched federal. So it's subtracting the land twice then for NJ??? It came over wrong from last year too but, depreciation was the same for both fed and NJ.
So I did fix it by doing the asset entry sheet over again this time using numbers from 2021 return.
So it seems TT did though carry it over to 2022 with the land backed out twice.
I only noticed it as there was a depreciation adjustment in NJ and the depreciation schedules should have matched.
I'm glad you noticed the calculation difference. Have you heard any others where the carryfwd was erroneous?
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