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I can't get the balance sheet to balance, is there a bug in how depreciation is calculated in Business 2018?
The business is residential real estate rentals. I have used Turbo Tax in the 3 previous years and everything balanced. In 2018 I sold a rental and I can't get the partner capital to equal net assets. It is off by exactly the depreciation from the house sold. I use a spreadsheet to keep my books and if I don't depreciate the sold home in 2018 then I am in balance on my spreadsheet.
October 30, 2019
9:16 PM
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Troubleshooting
Hello,
I can confirm there is no bug in the Balance sheet calculation, please contact our support and one of our agents can have a look at the situation and see if there is anything missing. Support number 1-866-438-8020.
October 30, 2019
9:16 PM
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Troubleshooting
That is the number for Turbo Tax Canada, they gave me the number for the US (800 624-3025), but that is no longer in use.
October 30, 2019
9:16 PM