Vanessa A
Expert Alumni

Deductions & credits

Yes, that all sounds accurate.  If you had no AMT depreciation, then you would enter 0.  And yes, TurboTax will calculate your depreciation for 2021.  When you enter your original purchase price and years owned, after you go through a few more screens of questions, TurboTax will say "We calculated XXXX as your accumulated depreciation, is this correct?"  You can then see if those numbers match your numbers.  If they do not, then you can correct the numbers. 

 

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