How do I change Turbo Tax settings for depreciation from DDB to SL in TT Premier?
I am setting up a new depreciable asset for appliances for a rental unit. The system is set for the double declining balance method and I want to use straight line, but am having trouble finding the place to change it.
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1 Replies
PaulaM
Employee Tax Expert
Mar 27, 2018 11:00:58 AM
Under the Asset section, you can add the appliance to Intangibles, Other Property. This category will allow you to choose the asset life (5) and the depreciation method.