I accidentally deleted the Special Depreciation Allowance for an entry transferred from my 2018 return for schedule E. There is now no option to input it. What can I do?

[DavidD66]

You can delete the asset, and then re-add it.  You will need to use the same inputs (cost, date placed in service, etc) that the original asset had, which would be available in last year's depreciation report.

[twjtaylor]

Thanks @DavidD66.

I followed the instructions you provided and filled out everything to match the 2018 Asset Entry Worksheet. That seems to be exactly the right advice but it wouldn't let me input the Special Depreciation Allowance I took in 2018. I believe it should have been possible after the Confirm Your Prior Depreciation page. The help tip on the page says:

"Do not include any Section 179 or Special Depreciation Allowance (SDA) here. If your asset qualified for one or both of them in the first year you used it, we will ask you for those amounts next."

The option to do that never showed up on the next page and it went straight tot the Asset Summary page.

Could there be a bug?

[KathrynG3]

From the left menu>Federal>Income & Expenses>Review Self-Employment Income & Expenses>Review>Scroll to your Assets and click Edit>Click Yes>Edit the Asset in Question to run back through the interview.

The screen before Confirm Your Prior Depreciation would be the place to enter the prior Section 179 deduction. Next, you Confirm Your Prior Depreciation. Then, on the Asset Summary page, click the box underneath the assets to verify the details.

[twjtaylor]

Those instructions did not work. This is not part of Self Employment.

Here's what I do:

Under Federal Income select Rental Properties and Royalties (Sch E).

I follow the questions Yes --> Continue until I see the Rental and Royalty Summary

I then click Edit against my existing rental property and then I select Update for Assets/ Depreciation 

I choose Yes I want to go to my asset summary

Then Your Property Assets appear and I click Add an Asset

Select Rental Real Estate Property --> Land Improvements 

Then I fill in the details but I cannot enter a Special Depreciation Allowance (SDA) unless I input a Date purchased or acquired  for 2019. I am attempting to add an asset I acquired in 2018 and took a Special Depreciation Allowance in 2018 but there is nowhere to enter that SDA, so TurboTax is not correctly able to calculate the 2019 depreciation correctly.

FYI, I am using the web based version of Turbotax.

[745]

I am having the same problem.  What is the solution?

[DaveF1006]

@745 Is this for residential real estate or for business assets you use in a business. There is no special depreciation allowance for any real estate assets as these assets are depreciated longer than 20 years. Let me know what type of depreciation it is and when you took the special depreciation.

[Edited 05-06-2021|04:17 PM PST]

[Jasminsreichle12]

Were you able to get this fixed? I am facing the same issue and would like to make sure my entries are consistent.