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Business & farm
Depreciation will be computed and entered on Schedule E line 18 after you enter the asset into the program.
Click Edit next to the business name and then scroll down to Assets/Depreciation
Click "Yes, I want to go to my asset summary"
Next click "Add an Asset"
You also need to enter the income and expenses for 2022
Finish the interview and click Done
The depreciation expense will be calculated and reported.
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‎February 27, 2023
9:22 AM