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Solved

Cost segregation

Forum|Forum|1 year ago
October 30, 2024
1 reply
0 views

Doing a cost segregation for my airbnb. Will result in depreciation losses which can offset my taxable income. Does Turbotax have this capability to document depreciation into my taxes?

Best answer by dev145

Hello Rmichaelsonza,

Yes, TurboTax does have capability to document/enter depreciation of these assets. But please note, you will have to enter each assets separately. You will not be able to import them. You might be able to group some of them together depending on the purchase date.

Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!

dev145Answer

Hello Rmichaelsonza,

Yes, TurboTax does have capability to document/enter depreciation of these assets. But please note, you will have to enter each assets separately. You will not be able to import them. You might be able to group some of them together depending on the purchase date.

Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!