- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Depreciation is calculated differently on Turbotax Desktop vs Online
Hello,
My turbotax online put my overseas property depreciation as 27.5 years. I have tried contacting the tax advisor but they were not able to solve the issue. I have tried everything under the sun, including the complete removal of the property and putting the entire information again. And yes, it is designated as a foreign property. All my other overseas property do not have depreciation issues.
I went ahead and input the same information in TurboTax Desktop version and I am able to get the correct depreciation of 30 years.
Please assist in matter. If I cannot fix the issue on TurboTax Online, is there a way for me to get reimbursed and then file with TurboTax Desktop?
March 26, 2022
6:05 PM