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Investors & landlords
My returns show that I took $10963 in depreciation, turbotax is saying $20520
When you get to this point in the program it says the following -
"Select Continue to accept these amounts. Otherwise, correct the amounts and select Continue. Where can I find this?"
When you click on "Where can I find this?" it says the following
"- If you started using the asset before 2016, then look for 2 numbers: the 2016 depreciation amount, and the prior or accumulated depreciation for 2016. The sum of these 2 numbers is your prior depreciation for 2017."
Which is where I got the $10963 figure, so why is it telling me to put this in?
So what do I do??
When you get to this point in the program it says the following -
"Select Continue to accept these amounts. Otherwise, correct the amounts and select Continue. Where can I find this?"
When you click on "Where can I find this?" it says the following
"- If you started using the asset before 2016, then look for 2 numbers: the 2016 depreciation amount, and the prior or accumulated depreciation for 2016. The sum of these 2 numbers is your prior depreciation for 2017."
Which is where I got the $10963 figure, so why is it telling me to put this in?
So what do I do??
‎June 4, 2019
9:23 PM