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Home Office schedule C asset entry type

The drop down box for asset entry type in Form 8829 asset entry worksheet  is missing type M & N and the filing deadline is the 15th with no fix in sight. Should I just leave the asset type blank and do the depreciation schedule manually as Turbo Tax wont do the depreciation without an asset type M and M is missing kind of a catch 22.

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4 Replies

Home Office schedule C asset entry type

You might want to wait until tomorrow (Thursday) and see what happens.

 

The developers are working on a fix and updates are usually released on Thursdays.

Home Office schedule C asset entry type

the depreciable life and method for part of the home used for a home office is the same as nonresidential real estate 

Home Office schedule C asset entry type


@Mike9241 wrote:

the depreciable life and method for part of the home used for a home office is the same as nonresidential real estate 


Correct, but entering the proper figures in TurboTax makes a mess of Form 8829 and the worksheet. 

 

The developers need to fix the issue or that part of the return has to be prepared manually.

Home Office schedule C asset entry type

its a different depreciation schedule not 39 years SL Method so No I cant use that.

This is crazy there is a bug in the program no fix  as of now and tomorrow is the deadline to file.

Well done Turbo tax you sure know how to screw over a tax filer.

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