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Get your taxes done using TurboTax
Hi,
Even after the latest update from this week, TT2020 is calculating a $400 applicance 5-year depreciation using 200DB HY as $80, i.e., not 200DB but straight line. The asset was purchased new on January 2, 2020 and placed in service on the 10th of January. I believe the correct amount should have been $160 last year. I had the same problem for other assets placed in service (totalling about $10k) last year, so the miscalculation represents a large discrepancy overall.
Thank you!
‎September 9, 2021
11:21 PM