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ThomasM125
Expert Alumni

How to calculate cumulative depreciation from form 4562? I see there is prior year and current depreciation. Do I simply add that up to get the total depreciation?

You would have to delete the asset and re-enter it. When you do, you will see a screen that says Confirm Your Prior Depreciation, where you can enter the prior depreciation:

 

@buschelg 

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