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New Member
posted Apr 20, 2020 4:59:05 AM

Prior years depreciation and amotization how to enter?

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2 Replies
Level 15
Apr 20, 2020 7:47:56 AM

Data for what? Residental rental property on SCH E? Commercial rental property on SCH E?  Equipment rental property on SCH C? Something else?

Why are you having to enter prior year information? Is the 2019 tax season your first time with Turbotax maybe?

New Member
Apr 20, 2020 1:33:04 PM

None of the above.  I have a depreciation schedule for lots of heavy equipment that is being depreciated the amount varies each year as some equipment is fully depreciated and other is added (this is for a farming operation) the depreciation schedule generally automatically fills on the line for depreciation in the schedule F expenses.  This years' edition of turbotax is not bringing that figure inas it has done in prior versions.