Unable ot input prior year special depreciation

[michinori-kaneko]

Hello, 

I had a tax accountant filing my return until last year, but cost increased signficantly so filing my own tax return this year.  There are several assets that were places in past few years where my CPA has taken bonus depreciations, but turbotax does not give me the option to input this figure.  For instance, I had an appliances that I purchased in 2022 for $3600.  I select 5 yr 200DB as depreciation method, but it only asks me for section 179 and depcreciation (excluding 179 and special bonus depreciation) that was claimed in the prior year.  In this instance, in my last year (2023) return i had $0 depreciation for this asset in my federal return but had some portion of it in the state tax return.  It should be the same for 2024.  However, because I am not asked to input the special depreciation I only have two option 1) where I put in $3600 for depreciations taken in the prior year returns (then i get $0 deduction on my state return) or 2) out $3600 in section 179 which then for whatever reason on my state return it deduts $2600 (sum of LTD depreciation that its supposed to have depreciated as opposed to only poriton allocatable to 2024).  I have few of these assets where its not able to calculate it correctly.  Can someone point me to where I can input the special bonus depreciations taken in other years? Thank you 

[PatriciaV]

Special "bonus" depreciation (SDA) and Section 179 deduction are only available in the first year you place an asset into service. After that, the asset is depreciated according to the regular depreciation applicable for that asset type.

If you are entering an existing asset for your business property, you will enter the original cost and the total accumulated depreciation taken as of the prior year, exclusive of special depreciation and Section 179. There may be follow-up questions where you can confirm and/or revise the SDA and Sec 179 taken in prior years. TurboTax uses your entries to calculate the depreciable balance for the asset (the amount subject to further depreciation).

in 2018 - 2022, Special Depreciation was 100%, so it's possible you have assets from those years with zero remaining basis.

[Frustrated2x2]

The tax expert did not answer the question.  I have the same problem entering a prior year special depreciation.  I am using a new computer, so I am entering all the assets I previously reported in prior years.  I have one asset where I took the special depreciation in a prior year.  Since I can't enter it, either I have to show no depreciation previously taken, or record it as a section 179 deduction.  I end up with additional depreciation which I am not entitled to and my Form 4562 for 2024 does not show the Special Depreciation Allowance I took previously.  It would appear that TurboTax did not provide the complete software for this issue and will need a patch allowing for inclusion of prior Special Depreciation Allowance along with the existing Section 179 Depreciation entry line.

[Artnm]

I have the same issue with my rental property and SDA of 100% from 2019 listed on my depreciation and amortization report. Moving from CPA to TT for 2024. Seems that TT is only giving the option for a 179 expense?