Deductions & credits

Hi, 

So how would you consider this answer that I found here on TurboTax (from an expert/alumni) while waiting for a reply to my question (it is the same situation as I have -detached garage/shed): 

 

“The other shed and the concrete do need to be depreciated as an Asset.  Since this is not a common item being depreciated, TurboTax does not have an easy category for you to use to enter the information:  You will need to enter the depreciation as follows when you have selected to enter an Asset:

  • Choose the last option on the list, Intangibles, Other Property, then click Continue.
  • On the next page titled, Tell Us a Little More, select Other asset type, then click Continue.
  • Enter the detailed information about the asset:  description, cost, date purchased or acquired.  Click Continue.
  • Continue with additional details on the next screen, then click Continue.
  • Select the appropriate Asset Class, such as 15 years which includes 'roads' then click Continue.
  • Choose the 150% Declining Balance depreciation method, then click Continue.
  • Enter 15 years as the recovery period, then click Continue.
  • Answer No to the question regarding Listed Property, then click Continue
  • Make your selection about spreading the deduction over several years, then click Continue.
  • Finally, you will see an Asset Summary screen with the current year depreciation amount listed.  There is also a check-box here to Show Details.  This will open a full description for the asset so you can verify the information that you entered.”