TurboTax - Sched E wksheet - lines 6a, 20a
in [Quicken]
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From: ps56k on 31 Mar 2010 18:17 We are using our personal TurboTax 1040, and noticed something concerning the Schedule E worksheet. My wife's family owns a warehouse together, and splits ownership by 13 % I found it odd that the TT worksheet would not allow this percentage to be applied for these entries: Auto - line 6a Depreciation - line 20a -- ---------------------------------- "If everything seems to be going well, you have obviously overlooked something." - Steven Wright
From: CSM1 on 31 Mar 2010 23:41 "ps56k" <pschuman_no_spam_me(a)interserv.com> wrote in news:hp0hla$k6r$1 @news.eternal-september.org: > We are using our personal TurboTax 1040, > and noticed something concerning the Schedule E worksheet. > > My wife's family owns a warehouse together, > and splits ownership by 13 % > > I found it odd that the TT worksheet > would not allow this percentage to be applied > for these entries: > > Auto - line 6a > Depreciation - line 20a > Line 6a on the schedule E Worksheet should be a dollar amount, not percentage. Depreciation - Line 20a is a dollar amount on the building, not percentage. Line 6a is calculated on Form 4562 Depreciation and Amortization in Part V. Line 20a is calculated on Form 4562 Depreciation and Amortization in Part I thru IV. I am not an expert, just my two cents. -- CSM1 http://www.carlmcmillan.com
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