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March 7, 2024
Question

Turbotax miscalcalculates depreciation

  • March 7, 2024
  • 1 reply
  • 0 views

I've been using Turbotax for years.   Never had a problem    This year, it computed depreciation for 2 of my 3 rental properties incorrectly (lower of course).  I was unable to have it import last year's turbotax.   

The program does not let me override the wrong values.   I would like to enter the values that  were used in the previous years.  For some reason, it did it right on one of the properties. 

Any ideas?

 

Comment:  Why does every company insists on screwing up their software that works?

1 reply

PatriciaV
Employee
March 11, 2024

Please clarify if the prior depreciation doesn't match the total from last year or if the current calculation is incorrect. Also, which version of TurboTax are you using - Online or Desktop?

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