Emm1234
Level 3

This was helpful! Thank you. 

For the Depletion though, I selected for the book depletion  line = 4 'Book Depletion' and that removed the amount from the balance sheet and the M-1, because I did not enter anything in the book depletion box in the Oil & Gas schedule, but the federal automatic calculation amount still shows up on the M-2. Is this necessary? Is there a way to remove it? This obviously makes it where my balance sheet is out of balance by that amount. 

Basically, I would just like to add depletion amounts as a note to the K-1, and then if they are eligible to take depletion on their individual return, they can. 

0 Cheers