For a working interest Oil and Gas partnership (Schedule K1 Form 1065) I need to add depreciation for the Tangible Drilling Cost (TDC) that are eligible for bonus / special 1st year depreciation in 2025 (One Big Beautiful Bill Act).
I'm using TurboTax Premier Desktop
After I add my K1, the first issue is that I found no way to get the questionnaire to add a Form 4562 for depreciation. However in the forms view I could add this manually.
The second blocking issue I have is that when I try to edit that Form 4562, some of the boxes won't allow me to enter anything. I can put the special depreciation in box 14 (Part II) but it's not flowing through to part IV so I have no total ultimately.
Ultimately the form 4562 just isn't working properly with Schedule K-1