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Investors & landlords
@XL13 wrote:
Is the number it uses for prior depreciation meant to show just last years depreciation or all total prior depreciation?
All total prior depreciation based upon the date the property was placed in service.
@XL13 wrote:
I cannot find any form 4562 in the copy of the return provided by Turbotax......
Form 4562 is used for listed property and property placed in service in the current tax year.
TurboTax uses a Depreciation and Amortization Report on which you will see all prior (accumulated) depreciation as well as current year depreciation.
March 10, 2024
8:14 AM