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gdm712
New Member

On sch. E there is no depreciation shown for my property at 350 Wilmington pike. I still have available depreciation to expense due to major improvements made in 1995. This changed the basis to a higher amount. How do I override the amount that turbotax h

 
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view2
New Member

On sch. E there is no depreciation shown for my property at 350 Wilmington pike. I still have available depreciation to expense due to major improvements made in 1995. This changed the basis to a higher amount. How do I override the amount that turbotax h

major improvements made in 1995

Should have been added as an improvement [depreciated 27.5 yeas from date placed in service.]and become a part of your Schedule E asset for that property.

Improvements are added as  seperate asset on date placed in service [i.e.,increase in basis]

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view2
New Member

On sch. E there is no depreciation shown for my property at 350 Wilmington pike. I still have available depreciation to expense due to major improvements made in 1995. This changed the basis to a higher amount. How do I override the amount that turbotax h

major improvements made in 1995

Should have been added as an improvement [depreciated 27.5 yeas from date placed in service.]and become a part of your Schedule E asset for that property.

Improvements are added as  seperate asset on date placed in service [i.e.,increase in basis]
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