KurtL1
Expert Alumni

Deductions & credits

To correct the prior depreciation on the rental property assets you would:

  1. Go back into the Rental Properties and Royalties (Sch E)
  2. On the screen that says "Review Your 123 MAIN Rental Summary" select Assets/ Depreciation
  3. Go to the Asset Summary and Edit the asset you wish to change the prior depreciation.
  4. Go through the screens until you find the one that says "Confirm Your Prior Depreciation" and enter the correct prior year depreciation amount.
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