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Investors & landlords
- Hi used turbo tax last year took bonus depreciation $54.400 plus regular depreciation $2,720 for a total of $57,120. This year’s taxes it only shows the $2,720 depreciation for prior year but not the bonus. It’s calculating depreciation .on original purchase price 85k at current usage rate of 87.5% =74,375 5 yrs 200 DB-HY for total depreciation $28,662.?? Prior bonus depreciation It’s not showing on the depreciation work sheet, only 2,720 and nothing else! Please can someone help me! How to enter directly prior year depreciation. I’ve used turbo tax for 10 years. Never encountered a major issue. Sad thing is 4 calls different agents no one knows what to do. Keep referring me to others. Auto is over 6k lbs
April 11, 2025
7:48 PM