Question

Where do I find the details of how the depreciation was done on my rental properties by Turbo Tax?

Forum|Forum|5 years ago
May 11, 2021
1 reply
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How do I find what depreciation method Turbo Tax used on a prior tax return of mine?

There is a Depreciation and Amortization Report included as part of the worksheets in your return. This report will show all the details about any assets being depreciated, including the basis, placed in service date, class life, method/convention, prior and current depreciation.

When you print that prior year return, you can either select 'all forms and worksheets' or look for that specific page. It will not be printed as part of the tax return to be filed.

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R

rsalci

it doesn't show the rate they are using. Although I can back into it, the rate is wrong!

Building $348213 x 3.636% = $12,662 (my calculation) - Turbotax calculation is $9,136

(Placed in service 9/20/18 - 100% business use (rental)

Building amount (above) does not include land

Called support 3 times - NO HELP!

CatinaT1

The depreciation amount each year depends on if you used straight line or MACRS (Modified Accelerated Cost Recovery System). It also could vary if you took any special or bonus depreciation.

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