ThomasM125
Expert Alumni

Deductions & credits

When you add your asset in TurboTax, it will suggest a prior year's accumulated depreciation based on the estimated useful life and depreciation method used by TurboTax. If the accumulated depreciation for that asset is different because it was calculated differently by your previous accountant, you can enter the accumulated depreciation amount your previous accountant used and TurboTax will factor that into its calculation and adjust the current year and future depreciation deductions accordingly. 

 

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