How do I enter Special Depreciation (section 168 K) taken in a prior year on a rental property asset?

Forum|Forum|3 years ago
February 4, 2023
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There is a field to enter prior years section 179 deduction, but I can't find one for Special Depreciation. I wasn't using Turbotax in the year the property was acquired, so I need to add the info now. I want to enter it properly as prior Special Depreciation (rather than just prior regular depreciation) because I'm depreciating the asset regularly for the state return -- NY does not follow Federal rules for Special Depreciation.

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SantinoD

What type of asset did you take the special depreciation on and in what year? What was the percentage you took?

ken-blau-blauoffAuthor

Thanks for the reply. The asset was an appliance for a residential rental property in 2019, and I took the full 100% allowed. But I think I found my answer - the federal review brought me to a form where I could enter the regular and amt special depreciation amount I had taken.