I don't consider the refurb a 'new' asset
It does not matter to the IRS or any one else for that matter what you consider it. It's a new asset, as you, and you alone, have never ever used that asset in any business of any type in any way, shape, form or fashion ever, at any time in the past before it was placed in service in what ever year it was placed in service by you, as indicated for that specific asset by the date on the IRS Form 4562 that prints in landscape format and titled "Depreciation and Amortization Report".
Question 4 on the TT Screen is asking...
The screen shot of the 4562 you provided is the one that prints in portrait format and gets filed with the tax return only if required. It is of no use for the "fine details" needed by myself and others that may be attempting to help you. (Unless they're guessing what entry is the refurb and what entry is any other assets.)
For prior year's of depreciation already taken, you have to look at the 2019 IRS Form 4562 that prints in landscape format, and is titled "Depreciation and Amortization Report". To get the total amount of prior depreciation already taken for any one asset, add together the numbers on the 2019 IRS Form 4562 in the "Prior year depr" column and the "current year depr" column. That total is what you will enter on the 2020 tax return for the total of all prior year's depreciation taken on that specific asset.
Take note that any assets for which you took the Special Depreciation allowance will have the amount in the column labeled Special Depreciation Allowance. You won't have anything in the SEC 179 column since residential (unlike commercial) rental assets can't use SEC 179.
You'll also have another IRS Form 4562 that prints in landscape format for that same property, but it's titled "Alternative Minimum Tax Depreciation Report". You only need data off that one if the program specifically asks you for any AMT amounts.
Numbers tweaked for privacy concerns
Changing numbers for privacy concerns (in this case) makes no sense. Are you of the assumption that I can figure out who you are, where you live, and possibly steal your money based on a dollar figure amount? While prudence and a little bit of paranoia are not a bad thing, especially in today's world, by providing actual numbers you have a better chance of getting more accurate feedback. This matters, because of things that can be affect by (and are affected by) income limits and the such. My wife and I made $93,064.55 last year. $17,100 of that was rental income, $16,580.88 was military retirement income and the rest was W-2 income. Of that, $59,932.06 was taxable income. I could care less who knows that in this forum.
