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How to switch to straight-line depreciation method?
Hi there,
I am using TurboTax Home & Business 2021 on an iMac.
I've added 5 new assets under my Schedule C business, and they are being depreciated over 5 years.
However, I think TurboTax defaults to using MACRS depreciation method, and I'd like to switch these to use a simple straight-line depreciation method.
Is there a way to switch between methods, and will it continue to track the chosen method into future years?
Thanks,
-Daniel
‎April 6, 2022
4:56 PM