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sncarter1
New Member

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

How do I calculate total depreciation claimed in previous years?
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2 Replies
ThomasM125
Expert Alumni

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

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.

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

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

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