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Go4Andy
Returning Member

Turbotax for Foreign Rental

I have a foreign residental rental property that is depreciated over 30 years using ADS. The turbotax depreciation value is $20 more than when I use a calculator to work it out. Any reason for the discrepancy?

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1 Reply
MaryK4
Expert Alumni

Turbotax for Foreign Rental

You can use the Premiere version of TurboTax.  For the Asset entry, you will have to Add an Asset and use the Amortization//Other category to utilize the 30 year depreciation.

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