KrisD15
Expert Alumni

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. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post