topic Re: Depreciation in Get your taxes done using TurboTax

Depreciation

sosanyac14 — Wed, 11 Mar 2020 02:37:08 GMT

How can I enter my MACRS Depreciation for 2019. The amount in 2018 was 6,679. How do I calculate for 2019 and where to post it on Turbo Tax form. Also, I'll need someone's assistance to go through my business deductions.

Thank you,

Christiana

Re: Depreciation

KurtL1 — Wed, 11 Mar 2020 20:14:43 GMT

To enter the depreciation for 2019 you will need to enter the assets into your return that the depreciation was calculated for in 2018. You need to obtain an Asset Listing for 2018.

To schedule a time to talk to an Agent with a Live Review see What is TurboTax Live? - Community. The agent will be able to help you with the depreciation.

Re: Depreciation

sosanyac14 — Sat, 28 Mar 2020 00:13:28 GMT

Thank you Kurt. Do I have to schedule an appointment for a specific time to go live with someone. Is there any information I need to get ready with this appointment that you can suggest so that I'll be better prepared.

Thank you,

Christiana

Re: Depreciation

DMarkM1 — Sun, 29 Mar 2020 18:00:56 GMT

Besides the asset listing from 2018 a list of your business expenses would be helpful for your appointment. You can take the first available time offered for a live agent or schedule at some future time.