How can I input my own depreciation table or amount for the baseline that I have been using for 10 years instead of having to use TT calculation?

[RNterrithomas]

I want consistency using the amounts that were calculated by CPA.

[Anonymous · Accepted solution]

There is no software that I know of, and that includes pro software, that allows changes to its depreciation tables/formulas by the user.  the best that is offered in some pro software is an option to use either the built-in IRS tables or the built-in formulas.  your only choice with TT is to override its calculations and that would mean you could not e-file and the accuracy guarantee would be void. 

[Carl]

What *EXACTLY* are you depreciating? Also, please cite the specific and explicit IRS publication (page, paraghraph, table or whatever) that you are using to depreciate the asset.

TurboTax be default, uses "standard" tables and formulas. But the program does allow for use of non-standard tables and formulas in the tax law, without negating your ability to e-file. So long as the method being used is covered and allowed by the IRS, there's a way to do it in the program.

Also need to know why you are asking this now, instead of 10 years ago. Maybe 2019 is your first year using TurboTax? If so, then obviously you need to continue as you have been, and you "MUST" set it up correctly in TurboTax in your first year of using the program. Otherwise, you're wasting time and money.

[AmeliesUncle]

As was noted above, the law and the IRS requires depreciation in certain ways.  However, there are some options when depreciating.  If your prior tax preparer choose one option but the 'default' way for TurboTax does a different option, the program DOES have the ability for you to choose the other options.  In fact, you would be REQUIRED to do so; you can't change methods without going through a lot of extra work.

However, we need to be sure that the prior depreciation WAS a proper option.  As Carl noted, if you give details about what the asset is, what it is used for, and the details of how it was previously depreciated, we can help guide you to do it in TurboTax (assuming the prior tax preparer used a correct method).