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March 22, 2025
Question

Turbotax for Foreign Rental

  • March 22, 2025
  • 1 reply
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I have a foreign residental rental property that is depreciated over 30 years using ADS. The turbotax depreciation value is $20 more than when I use a calculator to work it out. Any reason for the discrepancy?

    1 reply

    March 22, 2025

    You can use the Premiere version of TurboTax.  For the Asset entry, you will have to Add an Asset and use the Amortization//Other category to utilize the 30 year depreciation.