How do I get TurboTax to transfer my Depreciation info from my previous Form 4562? Specifically, Line 17 regarding MACRS, which TurboTax calculated last year for me.

ryan_w321 · ‎January 31, 2021

I'm not seeing how Line 17 was previously calculated and since TurboTax is making me manually enter my Schedule E and Form 4562 this year, I'm unable to find out how the MACRS was figured out on last years' form.

MarilynG1 · ‎February 5, 2021

Check your Asset Entry to be sure it is correct.

Click this link for more info on Depreciation Not Calculating.

A residential rental property has a MACRS depreciation of 27.5 years.

This article give info on Depreciating Business Assets for other types of assets.

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ryan_w321 · ‎February 5, 2021

Thanks for the reply! I was able to pull up the exact details of previous returns by pretending I needed to amend a return. Hopefully TurboTax will transfer information like that over automatically so I don't have to do that for the remaining 27.5 years of depreciation...

How do I get TurboTax to transfer my Depreciation info from my previous Form 4562? Specifically, Line 17 regarding MACRS, which TurboTax calculated last year for me.

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