ThomasM125
Expert Alumni

Deductions & credits

You need to add the assets you previously reported into your current year return using the cost, class and date put into service that you originally reported. TurboTax will then calculate the current, past and future depreciation automatically. You will also need to enter any special or section 179 depreciation allowances that you took in previous years. They will be listed on the form 4562 for the year you put the asset into service.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post