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TY2022 Depreciation of a 20 year asset
I have used segmented depreciation on my rental property since buying it on 5/1/2006. I have treated the sewer line as a 20 year asset using the 150DB depreciation method. How do I force TurboTax Home and Business (desktop) to depreciate an asset as 150DB on a 20 year lifetime instead of a 15 year lifetime? There is no place to enter data directly into the form 4562 in Turbo Tax 2022 so I don't know how to do this.
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‎November 15, 2023
10:39 AM