pczerner
Returning Member

How do you set straight-line depreciation in Turbotax for Business?

 

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You need to provide more details, such as the asset you are trying to enter for the purposes of depreciation deductions and how the asset is being used (e.g., rental property, business asset, etc).

pczerner
Returning Member

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What I mean is, there doesn't seem to be a way to set "straight-line" for asset type Z. In my case, the asset (not building asset, it is a piece of equipment) is on foreign land, so it must be depreciated as straight-line.

pczerner
Returning Member

Get your taxes done using TurboTax

Found my answer. Under Type Z, Other Asset, I select ACRS (rather than MACRS) for depreciation type, then  the depreciation methods show up, including straight line.

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