Doing a cost segregation for my airbnb. Will result in depreciation losses which can offset my taxable income. Does Turbotax have this capability to document depreciation into my taxes?
You'll need to sign in or create an account to connect with an expert.
Hello Rmichaelsonza,
Yes, TurboTax does have capability to document/enter depreciation of these assets. But please note, you will have to enter each assets separately. You will not be able to import them. You might be able to group some of them together depending on the purchase date.
Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!
Hello Rmichaelsonza,
Yes, TurboTax does have capability to document/enter depreciation of these assets. But please note, you will have to enter each assets separately. You will not be able to import them. You might be able to group some of them together depending on the purchase date.
Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
misstax
New Member
misstax
New Member
charleysjr
New Member
nyce7679
New Member
cherylcoutu4
New Member