Investors & landlords

Thank you for your help.  I have a couple of questions though.  I am not clear what you meant by "After you get the program installed the first thing to do before you open your tax return .tax file is to update the program and install any state programs you had."

 

What do you mean by state programs?  im sorry im not familiar with that term.

 

Also "Then open your file. So you first might need to start a fake return to be able to download the state program (go to FILE - NEW)."

Can you elaborate that this step means?  Does this mean download like in my case software for the state in the US i live in (e.g Texas)?

 

One last question.  In my original question I was wondering if I could take the the full depreciation from a cost segretation study (in 2021) done on properties I acquired in 2015 and 2019.   How dificult is to do this in turbotax and to generate these 3115 forms?  thanks again