All Investing posts

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

CatinaT1 — Wed, 22 Apr 2026 15:51:45 GMT

To get TurboTax to stop "adjusting" your math and simply give you the straight-line percentage, you need to change a specific setting in Forms Mode:

Open the Asset Entry Worksheet. In the list of forms on the left, find the worksheet for this rental property.
Locate Line 43. Look for the box that says "Use IRS tables for MACRS property?"
Check No. By default, this is often Yes. If you have variable business use, you must select No.
When you select "No," the software stops using the pre-calculated IRS tables (which assume constant use) and switches to a manual calculation.

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

dbarboro — Tue, 21 Apr 2026 04:59:58 GMT

I still don’t think you are understanding the issue.

TurboTax should be taking the cost which is $164,000 and applying the business use which is 93.85% and calculating the adjusted depreciable basis of $153,914. Then divide by 27.5 which equals $5,597. This is what the current depreciation should be.

Instead TurboTax is calculating a current depreciation of $4,272. It is reducing the depreciation by $1,326.

Why is it using this depreciation instead?? It seems it is trying to adjust it down to match what the Asset Life history is calculating.

How can I fix this so it is using the correct depreciation of $5,597?

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

PatriciaV — Mon, 20 Apr 2026 14:57:58 GMT

From the On Demand Tax Guidance for Percentage of business use (Asset Entry Worksheet Line 6:(

If your percentage of business use has changed from last year, the depreciation calculations handle the change automatically once you enter this year's percentage. Do NOT change your entries for "Cost" or "Prior depreciation" because of a change in your percentage of business use (unless business use drops from above 50% to 50% or less; see note below). However, you must check "No" on line 43 (Use IRS tables for MACRS property?) since you cannot use the tables to compute depreciation when your percentage of business use changes.

The actual computation formula is not shown in the software. But your assumption is basically correct, the depreciation deduction should not change over the life of a rental asset with 100% business use. The actual deduction would be reduced by a lower business use, but the annual base depreciation amount should be the same.

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

dbarboro — Mon, 20 Apr 2026 00:24:20 GMT

Im sorry but this does not address my problem. I am aware i can adjust the prior depreciation and i did that to fix this years return but the basic problem still remains.

Turbo Tax seems to be assuming that you have had the same amount of business use each year and is adjusting the depreciation to what that amount would total up to over the period of ownership. So no matter what i do it keeps readjusting it.

What it should be doing is taking the prior depreciation and just adding the purchase price/27.5. and then reducing by the business use %.

Why does it not do that?

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

PatriciaV — Sun, 19 Apr 2026 19:56:18 GMT

If, after reviewing the Depreciation and Amortization reports for prior years, you determine that the total depreciation is correct, follow the instructions posted by Expert DianeW777:

If the prior accumulated depreciation is correct, then you should leave the lower amount calculated for 2025. Continue to keep all of your prior depreciation records so that you are prepared when and if you should sell this building.

However, if your calculations show that the accumulated depreciation is incorrect, you may need to edit that information on the Asset Entry Worksheet using Forms Mode. The total Prior Depreciation is shown on Line 10 and AMT Depreciation is on Line 12. Note that these lines have blue or green fonts in a yellow box. Those are the only numbers that can be changed. Numbers in black are calculated and can only be overridden, which invalidates the return for e-filing.

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

dbarboro — Sat, 18 Apr 2026 23:19:22 GMT

How can I fix this?

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

dbarboro — Thu, 16 Apr 2026 02:05:26 GMT

Thanks for the update, I did file but i am sure i will need to amend it. This is a rental property not a vehicle asset. I did keep records of my prior depreciation the problem is that Turbo Tax seems to be assuming that you have had the same amount of business use each year and is adjusting the depreciation to what that amount would total up to over the period of ownership. So no matter what i do it keeps readjusting it.

What it should be doing is taking the prior depreciation and just adding the purchase price/27.5. and then reducing by the business use %.

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

DianeW777 — Wed, 15 Apr 2026 18:28:46 GMT

For that very reason, which is continued variable business use, it's necessary for you to keep continued tracking of the actual depreciation used when you use that for your vehicles. If you don't have your mileage records from year to year, then you may have to use reasonable estimates.

The prior tax returns will have the details if you have them in your tax file. You can always file now and then if necessary amend later when you gather all the information from prior years.

If you need extra time, filing an extension by April 15, 2026, moves your submission deadline to October 15. But remember any taxes owed are still due in full by the original April 15 date.

Re: TurboTax Premier Desktop 2025: Broken Crypto Import Features & The Only Known Workaround

jandob — Wed, 15 Apr 2026 05:21:01 GMT

I had to thank the person that reported the break inthe software that did not allow for importing prior tax forms. I didn't understand a lot that was said, but i did understand the the software developers for TT25 did not do well at their jobs this year. Better get it fixed before next year.

Oh yea, let us order a CD please. I don't like to download. I really appreciatel having a disc for future use if necessary. I never had any problems when i used the CD to install.

And what isthe issue with the inability to add supporting details.?

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

dbarboro — Tue, 14 Apr 2026 19:35:37 GMT

Yes, posted this earlier:

The only report I see is under schedule E, Asset wks (for this rental property). Then i have to go to line 15 quick zoom (asset life history). But that only shows the yearly allowable depreciation. Not the actual depreciation taken each year. And that depreciation schedule is showing the amount based on this years business usage % which changes every year.

How do I see the actual depreciation taken each year??

Re: 529 to Roth Conversion in New Jersey

MarilynG1 — Tue, 14 Apr 2026 18:57:02 GMT

A conversion from a 529 to Roth is a non-taxable event for both Federal and New Jersey. Your child (or you) needs to keep Form 5498 as documentation, reporting the conversion from the 529. You don't need to report the conversion in your tax return.

For any further contributions to their Roth, your child will need earned income (taxable compensation) to contribute to a Roth IRA. Their total contributions for the year cannot exceed 100% of their earned income, or the annual limit ($7,500 for 2026).

What Counts as Earned Income?

Wages, salaries, tips, and bonuses.
Self-employment income (net earnings).

What Does NOT Count?

Investment income (dividends, interest, capital gains).
Social Security benefits.
Unemployment benefits.

Here's more info Dependent Filing Requirements.

@user17712012540

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

PatriciaV — Tue, 14 Apr 2026 15:17:36 GMT

Do you have a follow up question to the previous response?

Re: 529 to Roth Conversion in New Jersey

user17712012540 — Tue, 14 Apr 2026 14:45:04 GMT

Is the conversion from 529 to Roth taxable in NJ? Right now my child does not have $10K of income but depending on the treatment of the roth conversion he might surpass that limit

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

dbarboro — Tue, 14 Apr 2026 05:40:04 GMT

How do I see the actual depreciation taken each year??

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

dbarboro — Tue, 14 Apr 2026 05:29:11 GMT

are you still there?

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

AmyC — Mon, 13 Apr 2026 15:56:07 GMT

To see exactly what has been claimed in the past, you need the Depreciation and Amortization Report. It is a worksheet, not part of the tax return.

Desktop:

Go to Forms Mode (top right corner).
In the list on the left, look for the Asset Entry Worksheet for your property.
Scroll down to the Depreciation History section. It will show you year-by-year what was claimed for both Regular and AMT.

Online:

You must go to Tax Tools > Print Center.
Select "Print, save or preview this year's return"
If you have not paid, select pay now.
Choose the option Include worksheets.
Search the PDF for "Depreciation and Amortization Report." This table lists "Prior Accumulation" and "Current Depreciation."

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

dbarboro — Mon, 13 Apr 2026 05:00:37 GMT

Is there a way to see how prior appreciation was adjusted. I certainly dont recall doing that and i know my accumulated depreciation is not ahead of what it should be.

Can this be adjusted? Can i see the history of prior depreciation?

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

DianeW777 — Sun, 12 Apr 2026 21:21:14 GMT

After review of your return I discover that the prior depreciation has been changed, which may mean that you actually had some years where the rental use was 100%, it's not clear. Thank you for providing your token.

If I leave the calculated prior depreciation (accumulated total prior to 2025), then the total depreciation for 2025 is what is expected, however if I change it to the amount you indicated as the accumulated depreciation (higher than TurboTax calculates it) then the depreciation for the current year is the amount you show in your screen images. The system is calculating in the background to account for the excess of depreciation in prior years with the limited knowledge you enter. Calculations can only take place based on the information provided. This is the reason TurboTax creates a difference between regular and alternative minimum tax (AMT) depreciation figures.

If the prior accumulated depreciation is correct, then you should leave the lower amount calculated for 2025. Continue to keep all of your prior depreciation records so that you are prepared when and if you should sell this building.

Some questions are not answered in the Step-by-Step, however it is not causing the figures you see. For example if you go to the Property Profile, this is where you enter the passive activity loss (PAL) carryover from Form 8582 for last year.

I notice that qualified business income is selected for your property. Here is information regarding that so you are clear it does apply to you.

Generally, a rental property does not carry the time requirements to be considered as eligible for the qualified business income deduction (QBID).

Can I get QBID for rental property income?

Generally, this means each rental real estate enterprise (a rental property or group of similar rental properties, including K-1 rental income) must satisfy these three requirements:

Each enterprise maintains its own books and records to track income and expenses.
An enterprise that has existed less than four years performs at least 250 hours of rental services per year. For an enterprise in existence for four years or more, this test needs to be met for any three of the five consecutive taxable years ending with the taxable year.
(Starting with tax year 2019) Contemporaneous records of services performed are kept which includes who performed the service, description of service, the date of the service, and how long it took (who, what, when, and how long).

@dbarboro

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

dbarboro — Sun, 12 Apr 2026 15:41:28 GMT

it wont let me post the token number? How do i fix that?

Re: I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard ...

dbarboro — Sun, 12 Apr 2026 15:57:56 GMT

turbo tax token number "9411819557185985-49851639" State IL.