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New Member
posted Mar 28, 2025 3:30:03 PM

Where do I find MACRS deductions for assets placed in service beginning in 2002?

How do I calculate total depreciation claimed in previous years?

0 2 609
2 Replies
Expert Alumni
Mar 29, 2025 9:24:49 AM

If you used TurboTax in previous years, your prior years accumulated depreciation would appear on the asset worksheet for each asset on line 12:

 

 

Otherwise, you would have to calculate it using one of the tables in IRS Publication 946.

Level 15
Mar 29, 2025 10:25:24 AM

what type of asset? except for real property, most assets would be fully depreciated after 23 years.