Skip to main content
January 30, 2025
Question

Schedule L Line 9B

  • January 30, 2025
  • 1 reply
  • 0 views

I had to override the amount Turbo Tax  in Line 9B on Schedule L because the software was not deducting the Accumulated Depreciation from the Land Asset. It was inserting the depreciation amount only. Is this a bug that will be fixed? I was reluctant to save my file because I did the override. Anyone else have this issue and did I do the right thing?

1 reply

PatriciaV
Employee
February 2, 2025

This section of Schedule L was updated recently. Be sure to let TurboTax update the next time you open the program.

 

Then please remove your override on Line 9 and check if the balance is calculating correctly now.

 

@rhondajoy125 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
February 2, 2025

WIll do and I’ll post what happens. Thank you