topic Turbo Tax Depreciation Calculation Incorrect in Get your taxes done using TurboTax

Turbo Tax Depreciation Calculation Incorrect

Mrrisk — Sat, 28 Feb 2026 03:31:50 GMT

How to override depreciation deduction. Depreciable bases/recovery period is $152,500/27.5 years. Deduction should be $5545, but Turbo Tax is calculating $10,106. Why is it not calculating correctly and can this be overridden?

Re: Turbo Tax Depreciation Calculation Incorrect

PatriciaV — Sun, 01 Mar 2026 21:34:25 GMT

Please clarify the type of asset you are depreciating. What was the in-service date? Have you viewed the depreciation summary calculations at the end of the asset entry interview to confirm you entered the correct information?

Re: Turbo Tax Depreciation Calculation Incorrect

Mrrisk — Mon, 02 Mar 2026 13:22:09 GMT

Thank you for your response. Figured out what i did wrong. I added last years depreciation manually in error which affected the calculation. Once removed, depreciation calculation was correct.