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Trust Depreciation on Return
I am the trustee and 100% beneficiary for one property. It is being depreciated. When I filled out the turbo tax form the depreciation amount is showing up on the 1041 form on line 15a. Last year's return it wasn't on that line and showed up on my Schedule K-1 as a directly apportioned deduction. Have I done this right?
Thank you.
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March 12, 2021
2:01 PM