I've seen other posts with similar situations of depreciation information not carrying over from previous year. And I believe I'll have to re-enter all of my depreciation information. My question is do I enter in 2020 information from Form 4562 from the "Current Depreciation" column into the 2021 taxes, and after doing this will Turbo Tax calculate the depreciation in my 2021 taxes and hopefully future years with the same calculations as the previous years?
I'm working on Turbo Tax Premier, and downloaded the Mac version.
