- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
@AmeliesUncle wrote:.If I remember correctly, that will cause TurboTax to split the expenses, but it does NOT split the depreciation (double check to be sure). For the depreciation, you would need to enter the "asset" and say it is used xx% for business.
Exactly right. The split is only applicable to expenses; the depreciation deduction is controlled by another subsection of the program and a percentage needs to be entered accordingly.
‎February 15, 2023
1:21 PM
1,285 Views