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How can I manually calculate current year depreciation for my schedule E?
The accountant who had been doing my taxes reported the same depreciation about for each year since I purchased a rental property and did some initial improvements. I've entered to accumulated depreciation and see that it is showing up correctly. However Turbo Tax is calculating the current year depreciation differently than what was used in past years. There have been no changes and new improvements made to the property. I'm just trying to roll my depreciation schedule forward. So I want to continue forward using the depreciation schedule that has been used in past years rather than what is being calculated by Turbo Tax. Is there a way to manually enter it and override the Quickbooks calculation?
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‎August 17, 2021
8:26 PM