TT depreciation report different from my prior years tax return

[missmarple]

My CPA has completely different asset life than what TT used.  I can't change this apparently so now what do I do.

[ThomasM125]

When you add your asset in TurboTax, it will suggest a prior year's accumulated depreciation based on the estimated useful life and depreciation method used by TurboTax. If the accumulated depreciation for that asset is different because it was calculated differently by your previous accountant, you can enter the accumulated depreciation amount your previous accountant used and TurboTax will factor that into its calculation and adjust the current year and future depreciation deductions accordingly. 

[AmeliesUncle]

What exactly is the asset and how is it used?  Is it in the United States?

What was your prior tax preparer using?  What is TurboTax using?

[Mike9241]

If the problem is the CPA used life x and method y while TurboTax is using life a and method b then this is due to the CPA using a different category of asset than what you selected. 

tell us the life and method the CPA used and perhaps we can suggest the category to use in Turbotax. This assumes the CPA used a proper life and method. if not this is an issue that has to be resolved by either amending prior returns or filing form 3315 for which consulting a pro is advisable. 

[missmarple]

My CPA did things correctly, I'm sure.  I've had him for 30 years and he's awesome.  He's retired and I thought I'd try to do it myself.

All I want is to bring over what he did and go along my way.  Is there a way to figure out what category he used from the tax return?

[KrisD15]

Yes,

please look at Form 4562 from your prior year (2022)  return.

This will list the depreciation previously taken (prior to 2022) as well as your 2022 depreciation, so you will add them together for prior depreciation for 2023. 

It also lists the life of the asset and what type of depreciation method was applied. 

Your accountant may have also included a Depreciation Schedule separate from your tax return. 

Also please be aware that if there is a business vehicle, that might have used the Standard Milage rate which has a "Depreciation Equivalent" built into the miles claimed. That amount would be needed when the business vehicle is sold. It the Actual Expense was used, the vehicle will also be listed on the 4562.