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Get your taxes done using TurboTax
I have answered "No" to the question you referred to and entered the small assets manually under "other assets" with a 5 year, straight line depreciation schedule. It is still defaulting to special depreciation, the program only asked whether I wanted to take the special depreciation expense when I entered laptop under another rental property that is commercial. This property is a multi-family residential until. Please see screenshots here below. Question re assets under $2500, "NO"
Improvements as expenses question "NO"
‎December 19, 2023
2:14 PM