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New Member
posted Jan 28, 2020 11:32:05 PM

Under enter common expenses for rental property, what is depletion?

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1 Replies
Expert Alumni
Jan 29, 2020 12:47:33 PM

Depletion is a term used for ROYALTIES issued for Oil and Gas.  Please go back through and see if you made a selection that indicated Oil & Gas, or if you posted your 1099-MISC to BOX 2 instead of BOX 1.

 

If you can't find the error you can delete that 1099 and start over.