First time using TurboTax after using CPAs the last few years. I'm trying to enter my self-employment business assets (computers and camera equipment) based on the previous years' worksheet "2021 Depreciation and Amortization Report."
I'm not 100% sure I have the correct numbers for "Amount of Depreciation Taken in Prior Years." Here's a simplified example of the 2021 worksheet I have from the CPA, with a couple of line items:
| Description | Date Acquired | Unadjusted Cost or Basis | Reduction in Basis | Basis for Depreciation | Beginning Accumulated Depreciation | Current Year Deduction | Ending Accumulated Depreciation |
| Lens | 12/21/2016 | 1162 | 581 | 581 | 435 | 58 | 493 |
| Camera | 12/31/2019 | 1112 | | 1112 | 318 | 227 | 545 |
Is the "Amount of Depreciation Taken in Prior Years" in TurboTax the same as the "Ending Accumulated Depreciation" in the table above from 2021?
Thanks in advance, I appreciate any help with this! 🙂
