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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
March 31, 2024
9:19 AM