- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
You would have to remove the assets you have been depreciating and then re-enter them using the adjusted basis as the cost of the assets. Then, select the straight line method and enter the number of years left for depreciation.
You would need the desktop version of TurboTax and would have to make entries directly on the asset entry worksheet to elect straight line depreciation.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 10, 2022
3:52 PM