topic Straight line depreciation in Investors & landlords

Straight line depreciation

KimB67 — Mon, 09 Mar 2026 08:23:48 GMT

How can you change from MACRS to straight line. Straight line has been used in all previous returns.

Re: Straight line depreciation

ThomasM125 — Thu, 10 Mar 2022 23:54:07 GMT

You would have to remove the assets you have been depreciating and then re-enter them using the adjusted basis as the cost of the assets. Then, select the straight line method and enter the number of years left for depreciation.

You would need the desktop version of TurboTax and would have to make entries directly on the asset entry worksheet to elect straight line depreciation.

Re: Straight line depreciation

AmeliesUncle — Fri, 11 Mar 2022 00:44:58 GMT

When you are asked which type of asset it is, select "other", then "other" again. Then you can manually select the option, including Straight-Line.

Re: Straight line depreciation

Rick19744 — Fri, 11 Mar 2022 01:14:36 GMT

Keep in mind that the MACRS calculation (tables) essentially does this switch automatically.

Exactly when would depend on each class life used.

Re: Straight line depreciation

Mike9241 — Fri, 11 Mar 2022 06:47:02 GMT

for what type of property. MACRS for real estate is in effect straight line.

however, if you're using an invalid method for depreciating assets you need to file 3315 to correct this. you can not just change. Using the wrong method can have significant tax consequences if there's a disposal.