Turbotax does not transfer information that requires complex calculations such as depreciation.
Simply enter the original purchase cost [separate land value ,land is not depreciated] and the original placed in service date.
Do that for each property and any other asset for each property.
Turbotax does not transfer information that requires complex calculations such as depreciation.
Simply enter the original purchase cost [separate land value ,land is not depreciated] and the original placed in service date.
Do that for each property and any other asset for each property.
Thank you. I went from Turbo to H&R n everything carried over. Did not know it would not work the reverse or would have stuck with H&R. So now I either make 52 asset entries or buy H&R Block. Not happy.
The several computer based retail tax program that I tested over the years transfer personal in formation well, not many attempt to transfer assets, the ones that did generally made a mess that is more difficult to try and correct than just reentering the original information.
Personally I would enter my asset in the Turbotax program,have been since early 1990's.with 40 plus rentals at that time. Extensions always gives extra time just ensure taxes due is paid.
Good luck