Thank you very much.
Correct - I'm working on her 1040.
She prepared her 2019 taxes by hand so I'm starting from scratch as far as Turbo Tax is concerned.
Turbo Tax asked for the date the property was acquired and put into service as well as the cost of the property.
It's from this that the info on the "Prior Depreciation" screen is calculated.
The amount Turbo Tax estimated as prior depreciation is very close to actual (about $1K off).
When I changed the prior depreciation I noticed that the tax liability, as well as the current year depreciation, changed. Does that make sense? I wasn't expecting the prior depreciation to have any impact.
