turbotax icon
turbotax icon
turbotax icon
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

pczerner
Returning Member

How do you set straight-line depreciation in Turbotax for Business?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
pczerner
Returning Member

How do you set straight-line depreciation in Turbotax for Business?

Found my answer. Under Type Z, Other Asset, I select ACRS (rather than MACRS) for depreciation type, then  the depreciation methods show up, including straight line.

View solution in original post

3 Replies

How do you set straight-line depreciation in Turbotax for Business?

You need to provide more details, such as the asset you are trying to enter for the purposes of depreciation deductions and how the asset is being used (e.g., rental property, business asset, etc).

pczerner
Returning Member

How do you set straight-line depreciation in Turbotax for Business?

What I mean is, there doesn't seem to be a way to set "straight-line" for asset type Z. In my case, the asset (not building asset, it is a piece of equipment) is on foreign land, so it must be depreciated as straight-line.

pczerner
Returning Member

How do you set straight-line depreciation in Turbotax for Business?

Found my answer. Under Type Z, Other Asset, I select ACRS (rather than MACRS) for depreciation type, then  the depreciation methods show up, including straight line.

Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies