- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Yes, TurboTax is not programmed to do the exact adjustment you are requesting. You can use the workaround knowing you have to keep track because of the adjustment because TurboTax does the calculation in the background to get the correct amount reported to the IRS. The main thing that is reported to the IRS is the current year depreciation on Form 4562, but the important information is on the Depreciation Report. @eric-l-hill
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 20, 2025
12:53 PM
1,891 Views