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Deductions & credits
Thank you MarilynG1. I think you just gave me the answer I have been needing. This asset was the first one I added as I was going through the Depreciation part of TurboTax. We claimed the "special allocation" for it that first year. That allowed us to claim almost half of the depreciation right up front. After I selected "yes" on TurboTax, that I did receive a special allocation, it prompted me to enter in the amount of the special allocation, which I did. Then it asked me to enter in the difference in the federal and state depreciation. Now I think I understand it all has to do with that special allocation that was taken. I never moved on to the next asset too far, but was assuming I would be asked this same question. Now I know it goes with this asset only. I am new at this, and it has been slow at times to understand, but I am always grateful for the answers I receive. If you feel like I am not understanding please let me know. Thank you.