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Updated over 1 year ago,
Help with form 3885a (bonus depreciation) for California state return
Hi BP community,
Invested in my first real estate syndicate last year. Received the K1 from the partner and completed the federal return easily. How can I accurately complete Form 3885A for my real estate syndicate investment when my tax preparation software, FreeTaxUSA, does not support it? Does anyone know if TurboTax supports this in their state return software? Additionally, are there any other forms I need to submit for this investment?
Also - FreeTaxUSA was a nightmare and I do not recommend using their software for returns that are slightly more complex. I received conflicting messages from many of their enrolled agents.
Thanks!