Thanks for quick response!
I have used Turbo Tax Premier many years.
I don't think I took a Section 179 deduction or bonus depreciation for the HVCA in 2020. What I need to do to include new HVAC cost if I don't took a Section 179 deduction or bonus depreciation?
On form 4562 line 8 to line 13 are blank on my 2020 return.
Here is what on form 4562 Part III MACRS Depreciation section 8 on year 2020 return regarding new HVAC:
H residential rental property
Recovery period is 27.5 yrs
Convention is MM
Method is S/L
Depreciation Deduction is $68
Thanks,
Bob
