Deductions & credits

To depreciate your assets in TurboTax, 

Click the "Federal Taxes," then "Deductions."

Click "Start" or "Edit" on the "Your Deductions Screen" and follow the instructions to enter the details of the asset.  You will include its starting value and recovery period. 

 

Here is a TurboTax article about special depreciation and an IRS link about how to depreciate property.

 

Related Information: