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an asset tied to my rental property is showing depreciation for the state but not federal
Thanks to COVID and my previous tax preparer retiring, I'm doing the taxes this year. In reviewing previous filings, I see that one asset, other than the rental property, was flagged for 200DBHY for 7 years. I figured out how to get that entered into TurboTax (although I think it would have preferred a selection for 5 year depreciation, but since this was carried over, I assume I needed to have it align with previous filings). But what I can't understand or figure out is why was not depreciating on the federal return (in service in mid 2018 with $0 depreciation in 2018 or 2019), but is depreciating on the state filing (VA). Why would this be and where/how can I update TurboTax to align with the previous filing?
‎February 19, 2021
9:11 AM