I have a home office which I began using in 2020. When doing my 2025 taxes I realized I should be taking a depreciation deduction for the furniture. My understanding is that when I enter this information into TT it should take a deduction for all the depreciation not claimed in previous years in the current tax year 2025 (6 years of depreciation). I understand I may need to file form 3115.
TT does not seem to be doing this. For example for a $3,500 item it takes $1,400 of depreciation, but the MACRS schedule, which it correctly generates shows closer to $3,000. I don't understand what TT is doing here, and if this is correct. If my understanding is correct how do I get TT to cooperate ?
