topic Issue selecting depreciation method in [Event] Ask the Experts: Finish & File

Issue selecting depreciation method

dpslater — Wed, 08 Apr 2026 22:01:00 GMT

I am using TurboTax Business Desktop to prepare an 1120S (not a first year business). The prior preparer set some assets up as S/L HY. Since this is the first year I am preparing the return in TurboTax Business I need to add the assets to the system. The system is calculating the assets using 200DB HY. Since the company started with S/L we cannot switch. How can I make Turbo Tax adopt a the S/L HY method?

Re: Issue selecting depreciation method

DawnC — Wed, 08 Apr 2026 22:17:45 GMT

Use the Asset Entry Worksheet in Forms Mode to enter or correct depreciation details, including convention/method behavior.

Re: Issue selecting depreciation method

dpslater — Thu, 09 Apr 2026 11:30:13 GMT

Thank you!!!