Depreciation - Transfer of information

vucat75 · ‎February 2, 2021

I assume the Depreciation taken on property data, from Sales of Rental Property' must be manually entered and not automatically transferred.

BillM223 · ‎February 2, 2021

TurboTax has published a page describing the work around for this issue. Please see this TurboTax webpage.

[Edited 2/2/2021 3:39 pm CST updated the hypertext link]

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vucat75 · ‎February 2, 2021

This did not really answer my question. The Depreciation report has a Prior and Current column. I assume you need to add these together and then insert them manually to the Depreciation Entry on the Sales of Business or Rental Property Page.

BillM223 · ‎February 2, 2021

My apologies. The previous answer was supposed to contain a link that would describe how to address this situation, i.e. how to enter the asset in 2020. I have edited the previous answer and the link is also here.

This link gives you a step by step on how to enter your asset in 2020.

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Depreciation - Transfer of information