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mandismay
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How do I find the depreciation from a previous return? Our accountant is asking for it, and I'm not able to find it on my turbo tax online program.

 
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2 Replies

How do I find the depreciation from a previous return? Our accountant is asking for it, and I'm not able to find it on my turbo tax online program.

Form 4562 is just a Summary of the Depreciation for the current year and doesn't list the items.


The history is only available in the Desktop program not the Online version. If you are using the Online version you would have to download your .taxyyyy file and open it in the desktop program.


Using the Desktop program you can get an Asset Life History worksheet but you have to do it in Forms Mode, click Forms in the upper right (upper left for Mac) You can't get detailed worksheet showing all the assets but you can get the Asset Life History on each one. It doesn't print out with your return or save in the pdf. So you have to print each Asset Life History individually.

How do I find the depreciation from a previous return? Our accountant is asking for it, and I'm not able to find it on my turbo tax online program.

If you had assets being depreciated then there will be a Depreciation and Amortization Report in the PDF download.  The Report will show the Asset, date placed in service, cost, depreciable basis, prior depreciation and current depreciation for the tax year.

 

 

 

 

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