Kostas_matak
Returning Member

Depreciation and Amortization

Hello Everyone,

 

I tried to use Turbotax for filing my taxes this year. I have been owned a rental property for a couple years and I have a problem with the years of the depreciation and the another issue with the amortization code.

 

For my appliances my accountant was using 7 years 200DB HY. When I entered my appliances on turbotax, the years of depriciation was autamatically 5 years 200DB HY. How can I change the years from 5 to 7?

 

Regarding the amortization, I have been using the code 461. This code is not listed on turbotax. How can I find it?

 

Thanl you