A couple more things ...
- Is the program depreciating it over 30 years, or 40 years?
- You might consider waiting to actually file. The new law retroactively changes it to 30 years, but because you were using 40 years (it was "placed in service" before 2018), that causes some adjustments. As far as I know, the IRS has not yet given guidance if any 'special' provisions can be made for this situation, and I am almost positive the TurboTax is not set up for this scenario.
February 19, 2021
2:11 PM
