I'm attempting to set up depreciation for a farm building in Turbotax Desktop. I have selected "other asset type", then put in the description, cost, and purchase date of 2/12/2024. I selected 100% business use and entered 8/1/2024 as the date I started using it. I selected 20 year asset class with 150% DB depreciation method. It is not listed property.
When I select "ill spread the deduction over several years" and click the continue button, my 2024 expense is zero. Why is it not calculating depreciation?
