ThomasM125
Expert Alumni

Business & farm

No, you don't enter individual assets in Form 3115. TurboTax will accrue the proper accumulated depreciation when you sell the asset regardless of what you entered, as per IRS regulations. The program will also enter the correct depreciation in the current year based on the cost, date put into service and the type of asset entered. So, it isn't necessary to make an adjustment to actual depreciation entered.

 

[Edited 2/17/26 at 3:58 PM PST]

@annmci 

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