ThomasM125
Expert Alumni

Deductions & credits

The property is already listed at cost in TurboTax, so you would need to change the depreciation method to eliminate the section 179 choice. You can do this by deleting the asset and re-entering it and not choosing the section 179 option. Turbo Tax will calculate the current and future years depreciation based on the date you put the property into service and the cost of it. You will be asked to enter the accumulated depeciation from previous years, and that would be the amount reported in those years less the recapture amount.

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