I am working on the final review. On the Asset Entry Worksheet for my income properties, it states: Type of asset must be entered. However, my only choices are
M-Home Office
or
N-Home Office Improvement.
I have been using TTX for over 20 years. This asset has been on the depreciation schedule for 8 years now. I only caught it when I clicked on the form, from the view forms list. It stated "Not Done". So, I went in to check on this and line 5 was pink. I clicked it and the only options for the asset are as noted, M-Home Office, or, N-Home Office Improvement.
Obviously these two options don't apply. Where are the options for Real Property? The depreciation is for improvements done to real estate. I had previously, and successfully used the asset depreciation in previous years.
What's wrong?
Thanks!
