I inherited mineral rights that I sold in 2019. So, on Form 4797:
1) On Line 20, I entered the sale price that I received
2) On Line 21 I entered the cost basis for my date of acquisition (the date of death of the person I inherited from)
3) On Line 22 I entered the total depletion amount I took on royalties during the time that I owned the mineral rights, but Line 22 is GREATER than Line 21 so TurboTax has colored the box for that line in red indicating a problem with the number on Line 22 being larger than the number on Line 21.
4) Line 23 shows a negative amount because Line 22 is greater than Line 21. This should be correct because of the need for recapture of excess depletion taken.
5) Line 24 is larger than Line 20 and that should also be correct because of the need for recapture of excess depletion taken.
So, my question is: Why is TurboTax indicating a problem with the number I have entered on Line 22 of Form 4797? Am I entering the sale data in an incorrect way?
