depreciation

[pwshelley1]

emailed last week, wanting to use my own form 4562 and adjust the depreciation turbo tax is calculating vs what I have on my depr schedule. I was told I could adjust by doing an override in the asset entry worksheet but would have to probably print and mail. fine with that but still don't see how to do it. I can adjust my depreciation by using a shorter depreciation life and work it to it gets real close but everything pops up 39 years, how do I adjust or put in or change the useful life

[Critter]

This can only be done in the Downloaded version in the FORMS mode where you can overwrite the calculated amount. 

[tagteam]

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@Critter wrote:

This can only be done in the Downloaded version in the FORMS mode where you can overwrite the calculated amount. 

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Absolutely correct. The only other alternative would be to select Intangibles, Other property and then select Other asset type where you can choose from a range of asset classes (see screenshot).

[pwshelley1]

what is downloaded version

[tagteam]

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@pwshelley1 wrote:

what is downloaded version

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Here --> https://turbotax.intuit.com/personal-taxes/cd-download/

As mentioned, the download version (i.e., desktop) must be installed and run on a computer and, unlike the Online versions, the download version has Forms Mode where you can enter/change figures directly on the forms.