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vucat75
Returning Member

Depreciation - Transfer of information

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

3 Replies
BillM223
Expert Alumni

Depreciation - Transfer of information

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
Returning Member

Depreciation - Transfer of information

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
Expert Alumni

Depreciation - Transfer of information

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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