topic How do you configure turbo to calculate straight line depreciation? in Investors & landlords

How do you configure turbo to calculate straight line depreciation?

jeff-thirdcoaste — Tue, 24 Feb 2026 06:39:09 GMT

Re: How do you configure turbo to calculate straight line depreciation?

Critter-3 — Thu, 29 Jun 2023 23:36:19 GMT

What are you trying to depreciate ? How many years ?

Re: How do you configure turbo to calculate straight line depreciation?

Mike9241 — Thu, 29 Jun 2023 23:56:24 GMT

buildings are automatically straight line. for to add other other assets using straight line you need to select intangibles, other property

then select other asset type next window

next window select asset class - note using straight line requires using the ADS recovery period - see iRS pub 946 table b-2

then on next window select straight-line

Re: How do you configure turbo to calculate straight line depreciation?

Carl — Fri, 30 Jun 2023 03:59:05 GMT

You should not have to "configure" anything to use any type of depreciation. The program does it automatically for you. But for every rule, there is an exception. So just exactly what is it you're trying to depreciate?

Re: How do you configure turbo to calculate straight line depreciation?

AmeliesUncle — Fri, 30 Jun 2023 19:59:24 GMT

@Mike9241 wrote:
note using straight line requires using the ADS recovery period -

Straight line depreciation does not require ADS. If TurboTax forces it that way, that would be an error in the program.