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posted Mar 25, 2025 1:05:34 PM

Schedule C

Can someone please tell me on how to return to questions about Elect OUT of regs under Sec 1.168(i)-6(i) on Schedule C as I need to change my answer.  I have tried changing on form section but when I do it there it turns it to error, so I need to get back to questions or redo the entire return. 

Thank you.

 

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1 Replies
Expert Alumni
Mar 25, 2025 1:30:24 PM

That code section refers to depreciation on property associated with a like-kind exchange. You would need to either access the associated asset you set up or go through the like-kind exchange section in TurboTax. You can access the like kind exchange section by using the query (magnifying glass) icon on your menu bar and typing in Like-Kind Exchanges, then clicking on the Jump to like-kind exchanges option:

 

 

Otherwise, you would have to edit the asset entry.