Hi, thanks all for answering my question. I found another drop down menu for property outside US and got the 40 year depreciation life.
However, the number is still different, $3666 from Turbotax vs $2924 from previous year.
Then I found form 4562 from the previous year tax return done by my accountant and the depreciation amount is in Part III, MACRS Depreciation, Section A, item 17, "MACRS deductions for assets placed in service in tax year beginning before 2020". Is that the reason the number is different? How can I do that?
Also, I input all my information but don't have form 4562 from my Turbotax, how can I get that form?
Thanks.
