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Investors & landlords
There are two problems with doing anything in forms mode.
- You have a "HIGH" risk that you will not be able to e-file the return.
- You will automatically negate and cancel the TurboTax 100% Accuracy guarantee.
There's a better way. Not simpler way, but better way, to do this so you don't take the above risks. But first, I need to know what you're dealing with here. Are you completing a 1065 return? 1120-S return? Or 1120 return? Is this for residential rental real estate? Or commercial rental real estate that you own and rent out? I'm not clear at all on this, becuase the "carpet" would be for one of those two types of real estate. But a compressor? Maybe you're talking about a central air conditioner compressor? Or it could be an air compressor that you rent out in your business, and now you sold or otherwise disposed of it.
So give me some details here and I"ll probably be able to help you recover from this error without taking the aforementioned risk, or having to re-enter everything concerning the asset from scratch.