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Business & farm
On your Rental Summary screen in TurboTax, you should see an option for Assets/Depreciation. Choose that option and you can enter your assets by date put into service and cost. You will have an opportunity to designate them as Rental Real Estate Property, or Computer, Video, Photo and Telephone Equipment, or Tools, Machinery, Equipment, Furniture, or Intangibles or Other Property.
TurboTax will automatically calculate the current year and accumulated depreciation for the assets. You must enter each asset individually.
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March 3, 2021
5:08 PM