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mmh3
New Member

Where in turbotax is the depreciation schedule year-by-year

 
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tagteam
Level 15

Where in turbotax is the depreciation schedule year-by-year

TurboTax does not track depreciation on a year-by-year basis (i.e., the program does not generate a list of the depreciation deductions allowed for each tax year).

 

Rather, TurboTax generates a depreciation report which lists the cumulative depreciation (for all prior tax years) and the depreciation for the current year.

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18 Replies
tagteam
Level 15

Where in turbotax is the depreciation schedule year-by-year

TurboTax does not track depreciation on a year-by-year basis (i.e., the program does not generate a list of the depreciation deductions allowed for each tax year).

 

Rather, TurboTax generates a depreciation report which lists the cumulative depreciation (for all prior tax years) and the depreciation for the current year.

View solution in original post

Critter
Level 15

Where in turbotax is the depreciation schedule year-by-year

 
Critter
Level 15

Where in turbotax is the depreciation schedule year-by-year

Save a PDF with the worksheets  ...  

 

When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state. 

 

This will take you back to the 2019 online tax return.

 

Click on Tax Tools on the left side of the online program screen.  Then click on Print Center.  Then click on Print, save or preview this year's return.  

 

Choose the option Include government and TurboTax worksheets

 

tagteam
Level 15

Where in turbotax is the depreciation schedule year-by-year

TurboTax will generate a Depreciation and Amortization Report and also Schedule E Two-Year Comparison but that is about it; there is no worksheet or other report that lists year-by-year depreciation allowed for years prior to the last two.

Anonymous
Not applicable

Where in turbotax is the depreciation schedule year-by-year

 
Anonymous
Not applicable

Where in turbotax is the depreciation schedule year-by-year

not sure about online.  but in the desktop version there is an asset depreciation history link under each asset's entry worksheet 

tagteam
Level 15

Where in turbotax is the depreciation schedule year-by-year


@Anonymous wrote:

not sure about online.  but in the desktop version there is an asset depreciation history link under each asset's entry worksheet 


a) It is not called "asset depreciation history"; there is an Asset Entry Worksheet and a Depreciation and Amortization Report.

 

b) None of the aforementioned lists the depreciation allowed on a year-by-year basis (which was explicitly mentioned in the original post).

Critter
Level 15

Where in turbotax is the depreciation schedule year-by-year

 
Critter
Level 15

Where in turbotax is the depreciation schedule year-by-year

Look for this worksheet : 

 

depreciation ws 2018.png

Ocean Shores
New Member

Where in turbotax is the depreciation schedule year-by-year

I have never seen a depreciation chart - NEVER!!  I have foolishly just accepted the numbers that were givern me and then this year they didn't auto-fill as they have in the past

JamesG1
Expert Alumni

Where in turbotax is the depreciation schedule year-by-year

@Ocean Shores

 

Depreciation allocates the cost of a business asset over one or more years.

 

TurboTax Self-employed Online allows you to view the depreciation details by clicking Show Details at the screen Asset Summary.

 

Depreciation and Amortization Report for both regular tax and AMT is available under Tax Tools / Print Center / Print, save or preview this year's return.

 

Similar reports are available under Forms in TurboTax Home & Business Desktop.

 

 

 

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RogerSC
New Member

Where in turbotax is the depreciation schedule year-by-year

Looking for my Depreciation and Amortization Report from last year's return and can't get it anywhere.. it is not in the PDF  and i cannot  go back on my account to print it out...

RogerSC
New Member

Where in turbotax is the depreciation schedule year-by-year

Just to clarify, i am looking to find the depreciation schedule on my rental property.

marlenehamster
New Member

Where in turbotax is the depreciation schedule year-by-year

2020 Interest = $1,533.79

2021 Interest = $1,455.55

2022 Interest = $   876.80

2023 Interest = $   195.10

 

Loan Amortization

 

Did not know where to record 2020 Loan Amortization interest

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