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Investors & landlords
This is pretty cut-and-dry depreciation on assets converted from personal use to business use as a daycare. The depreciation is nowhere near exceeding business income and the less-than-100% business use should already be factored in on the f4562 total. Yet TurboTax reported a smaller number than the f4562 number on Schedule C line 13 (for numerous past years I am now noticing).
‎April 16, 2020
8:38 AM