how is the prior deprec. calculalated in turbo tax 2023

[mmjuns]

Hi,

I am preparing my tax return for 2023 using turbo tax. I have a question about how the turbo tax calculates the prio deprec. In that page, it asked me to fill the land price, the cost, the percentage of the business use of the property. The last line is priro deprec. and this one is automatically listed by turbo tax. I found it is the sum of my last two years' depreciations in the tax return form. I am not sure if this is correct or not. This value will impact my this year's tax return for the depreciation. 

Does anyone have the same question or anyone knows the answer?

[Mike9241]

it should be the sum of all prior depreciation taken on the property.  if business use varied from year to year the Turbotax amount won't be correct unless you used Turbotax in the prior years.