topic How do I enter Special Depreciation (section 168 K) taken in a prior year on a rental property asset? in Investors & landlords

How do I enter Special Depreciation (section 168 K) taken in a prior year on a rental property asset?

ken-blau-blauoff — Mon, 23 Feb 2026 13:24:47 GMT

There is a field to enter prior years section 179 deduction, but I can't find one for Special Depreciation. I wasn't using Turbotax in the year the property was acquired, so I need to add the info now. I want to enter it properly as prior Special Depreciation (rather than just prior regular depreciation) because I'm depreciating the asset regularly for the state return -- NY does not follow Federal rules for Special Depreciation.

Re: How do I enter Special Depreciation (section 168 K) taken in a prior year on a rental propert...

SantinoD — Sat, 04 Feb 2023 20:43:15 GMT

What type of asset did you take the special depreciation on and in what year? What was the percentage you took?

Re: How do I enter Special Depreciation (section 168 K) taken in a prior year on a rental propert...

ken-blau-blauoff — Sat, 04 Feb 2023 21:08:10 GMT

Thanks for the reply. The asset was an appliance for a residential rental property in 2019, and I took the full 100% allowed. But I think I found my answer - the federal review brought me to a form where I could enter the regular and amt special depreciation amount I had taken.

Re: How do I enter Special Depreciation (section 168 K) taken in a prior year on a rental propert...

SantinoD — Sat, 04 Feb 2023 21:26:09 GMT

Ok great, as long as you enter it there, TurboTax should guide you so it's adjusted on the NY state tax return.