Once you set up the assets to be depreciated it will automatically compute the 2023 depreciation once the return is rolled over into the software. You will see the 2023 depreciation expense on Form 4562 as well as on the Depreciation Detail report.
It is always a good idea to print your 2022 return and include all worksheets and save this to your computer. Below are steps to print the 2022 return which you can do once you pay for the software:
- Sign in to your TurboTax account
- Open or continue your return
- Select Tax Tools from the menu (if you don't see this, select the menu icon in the upper-left corner)
- With the Tax Tools menu open, you can then:
- Preview your entire return: Select Print Center and then Print, save or preview this year's return (you may be asked to register or pay first)
- View only your 1040 form: Select Tools. Next, select View Tax Summary in the pop-up, then Preview my 1040 in the left menu
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