wp64
Returning Member

Get your taxes done using TurboTax

I have 2 rental properties that are qbi and are in an enterprise. In 2022 I entered the data and took section 179 on 2 appliances with carry over depreciation of 1571 for the washer and dryer and 681 for the refrigerator.  The carry over total was 2252.  It did not carry over to 2023.  I contacted turbo tax and they could not make it work.  I was using Premier turbo tax.  It frustrates me every year that this cannot be remedied. I looked on line and it seems that turbo tax did not handle the new laws concerning the section 179 depreciation for rentals.  Please advise. I am now working on turbo tax 2024.  So does that mean I have just forfeited this carry over depreciation?