How do I generate the correct answer for asset entry worksheet line 9k? I've answered all of the questions but a fix it error keeps appearing in Turbotax
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For those of us that don't have the line numbers on the worksheet memorized, what is Line 9k?
9k apparently is special depreciation but depending on the asset type there could be limits which you want to exceed. you'll need to tell us more about the asset and the activity.
It’s the line for special depreciation deduction. There’s no entry there after answering all of the interview questions. Wondering why TurboTax is identifying this as an item needing to be fixed in order to complete filing. Do I just need to type a zero on the worksheet? It’s for residential rental property (improvements)
Is this item being depreciated over 27.5 years? Was it placed in service in a previous year?
If so, it seems like somehow the program thinks you said it *IS* qualified property (maybe a glitch from a program update).
My first suggestion is deleting the asset, then re-enter the asset. That may correct things.
Thank you
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