Question

Prior year depreciation

Forum|Forum|2 years ago
October 16, 2023
1 reply
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Hi. I'm using Turbo Tax Premier Online for the first time, after using Turbo Tax desktop for years. For the CA return, I was asked to enter the prior year depreciation for a rental property asset. For the first asset, I think I may have entered the PY depr for all assets not realizing they were asking for a specific one. When I go in to Edit the asset, it says "No adjustments are necessary" and doesn't allow me to review my input. When reviewing the completed tax forms, a depreciation schedule isn't available. How can I review and modify the prior year depreciation if needed?

TurboTax Premier Online

A

Anonymous_

Employee

You may have to delete the asset and re-enter it in the Rentals section.

G

ggobbettAuthor

Thank you. When I deleted it from the Federal return area, it did allow me to reenter the prior year depreciation on the stat return. So that worked. But now my rental income isn't showing up as an adjustment to income for the state return, whereas it was previously. I have federal loss carryovers, so there's no income reported on the federal return but it should be on the state return because there were no loss carryovers.