If you have depreciating assets from previous years or assets you have elected to take the Section 179 deduction on, TurboTax will calculate and carry forward (when appropriate) any allowable deductions without you having to re-enter any information. Also, if you have a business loss carryforward, TurboTax will calculate your allowable deduction based on your other entries.
See What is depreciation? and Net Operating Losses for more information.
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