Dave,
Thanks for your detailed reply.
Unfortunately, I do not meet any of the exceptional circumstances you described each of which resulted in no need for a 4562 to be filed.
In my case, I am once again encouraged by the fact that each of the asset worksheets where depreciation is ongoing reflects on lines 10 and 11,respectively, an accurate Prior Depreciation figure and an additional depreciation amount for 2021.
What I do not understand, however, is why solely in the case of the three assets being depreciated (since the early 2000s) on a SL/MM 27.5 yr convention do not show a prior depreciation amount on 4562. This is noteworthy because all the other assets depreciating on the basis of different conventions do show prior depreciation figures.
I would also note that I am not subject to the AMT for 2021.
The governing question for me, therefore, is whether my 2022 4562 will reflect the prior depreciation as reflected on the 2021 asset worksheets, that is the sum of prior depreciation on line 10 and 2021 depreciation on line 12.
If this is not the case, because there is no prior depreciation figure on my 2021 4562, then it appears that Turbo Tax will lose track of an accurate rendering of prior depreciation.
Can you definitely answer which of the two above scenarios is true?
Thanks.
