Yes, he can enter the adjustment as other expenses on a Schedule E. Since he is not filing a schedule E this year, he will need to amend last year's return to report the adjustment. He will also need to file form 3115 and include that with the return. Here is how to amend if you used Turbo Tax to file your 2023 return.
To amend your return using Turbo Tax Online.
- Log into Turbo Tax
- Select Scroll down Your tax returns & documents in your landing page.
- Select Amend (change) 2023 return.
To amend using the 2023 Desktop Software, go to:
- Federal Taxes
- Other Tax Situations>other tax forms
- Amend a return
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