Will the system carryover assets and depreciation from 2019?

khensley05 · ‎January 25, 2021

Anonymous_ · ‎January 25, 2021

"Will the system carryover assets and depreciation from 2019?"

Yes, but there appears to be an issue with transferring assets and depreciation from 2019 to 2020 in the online versions of TurboTax, which is currently under investigation.

View solution in original post

Anonymous_ · ‎January 25, 2021

"Will the system carryover assets and depreciation from 2019?"

Yes, but there appears to be an issue with transferring assets and depreciation from 2019 to 2020 in the online versions of TurboTax, which is currently under investigation.

CatinaT1 · ‎January 25, 2021

Yes. TurboTax will carry this information over as long as you are in the same TurboTax account. Unless you sold, disposed of, or added additional assets, there is nothing more you will need to do. TurboTax will automatically calculate everything for you for 2020.

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Will the system carryover assets and depreciation from 2019?