How do I set depreciation on rental property as straight line (SL) and half year (HY) over seven (7) years

[lisafoster888]

Presently a refrigerator (purchased in 2014) is showing up as five (5) years. On previous tax returns, done by an accountant, they show up as SL 7 HY. This makes TurboTax correct year deduction different than expected. No matter what I choose - I can't get to SL 7 HY.

Is it OK to change the asset life mid-span? I didn't think so.

Thanks in advance.

[Hal_Al]

Delete the asset. Enter as a new asset. Record the prior depreciation taken, and other info before deleting it. Or wait until your satisfied with the new entry before deleting the old one.

When entering the asset, enter as "Intangibles, Other Property" (Other property is the only selection that will allow you to select your depreciation type). Then follow the interview. At some point you will be asked to enter prior depreciation taken. TurboTax should pre-populate that box with the right amount. If not, you can override it with the info from your prior returns.