user17592114376
Returning Member

Investors & landlords

Thank you so much. I have followed the steps and got a few more questions.

a), it is a long list to add (100+ items). Do you know if in general it is ok just to add the aggregate for each category? One for Personal Properties (5 years), one for land improvements (15 years) and the rest?

b), for each of the asset, on the screen to confirm your prior depreciation, I assume I would include this year as well (as part of the 481a adjustment)? So essentially for 5 years and 15 years items, I put the entire depreciable values there (taking the bonus depreciation) so there won't be further depreciation this year (2024) outside of 481a adjustment.