Carl
Level 15

Investors & landlords

First year using TT so I need to transfer depreciation. My Windows are 10 year SL. How do I get a 10 year schedule?

WIndows are not depreciated over 10 years. I suspect you mean that you are "10 years into" depreciation on the windows. Since the windows became "a permanent and physical part of" the structure, they get classified the same as the structure itself and depreciated the same as the structure. So your windows would be classified as Residential Rental Real Estate and depreciated over 27.5 years, the same as the structure.

Since this is your first year with TurboTax, you just enter the same, original "in service" date for the asset. Then the program (not you) will figure the prior depreciation already taken, and continue from there. Don't be surprised on the prior year's depreciation figured by TurboTax is off by a few bucks. That happens because of rounding, and it has no impact on your tax liability. But when it displays the "prior year's depreciation" it figured, you can change it. Note that if you change it, that will affect and change the current year's depreciation. So that's why it's usually best to leave it alone.