You are able to report straight line depreciation in TurboTax Online Self-employed, by following these steps:
- Click Edit to the right of the asset at the screen Your Property Assets.
- At the screen Describe this asset, select Intangibles, Other property. Continue.
- At the screen Tell us a little more, select Other asset type. Continue.
- At the screen Asset Class, select the appropriate useful life from the dropdown menu. Continue.
- At the screen MACRS Convention, select HY or MQ convention. Continue.
- At the screen Depreciation Method, select Straight Line from the drop down menu. Continue.
@Beulahaline
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