I'm in the photography business (not a hobby) and have had two different tax professionals list my photography studio—acquired in 2006—as a depreciating asset with a set 27.5-year, SL/MM depreciation schedule. It has been listed with the house and other depreciating camera equipment in the Depreciation and Amortization Report for Form 4562. I've only taken about 1/3 of the depreciation out, and each year the depreciation amount has been within a few dollars, even across the two tax professionals, so there is more depreciation to be had, and I would think it would be about the same amount as the past few years.
My life got less complicated this past year, so I moved to TurboTax for 2019. I'm having trouble continuing this depreciation schedule in the Home & Business Mac version of the software. When I list it as an asset, it selects a 7-year schedule. When I move to Forms Mode, I can't change the items related to this asset. Any suggestions?
