@pattietin7 wrote:
I followed the steps of the first reply which was great, but since my prior depreciation was taken incorrectly and the figure is twice what it should be, my current depreciation shows as 0....this is not correct. I need to manually change the depreciation....is this possible? I am working on an amended 2021 return in TT Premiere. Thank you
Why do you think $0 is wrong?
If you have been accidently taking 'too much' depreciation, you may have already used it all up.
For a simplified example, let's say the item is $500 and you should have been depreciating it for $100 a year for 5 years. But you accidently have been claiming $200 a year for three years. In that case, you have already claimed $600 out of $500, so the program would correctly say your current year depreciation is $0.
