carry over depreciation not carried over from 2022 line 13 to 2023 line 10. You never stated a resolution last year.

[DianeW777]

It depends. If the 2023 return was not completed you can use your 2022 tax return to enter all of your assets with original dates, cost, etc. 

For 2024, if you recently update the 2023, then import the data to 2024. If you already submitted the 2023 tax return last year, then you will need to enter the assets, as indicated above. 

Please update with additional details if you have more questions and we will help.

[wp64]

I have 2 rental properties that are qbi and are in an enterprise. In 2022 I entered the data and took section 179 on 2 appliances with carry over depreciation of 1571 for the washer and dryer and 681 for the refrigerator.  The carry over total was 2252.  It did not carry over to 2023.  I contacted turbo tax and they could not make it work.  I was using Premier turbo tax.  It frustrates me every year that this cannot be remedied. I looked on line and it seems that turbo tax did not handle the new laws concerning the section 179 depreciation for rentals.  Please advise. I am now working on turbo tax 2024.  So does that mean I have just forfeited this carry over depreciation?

[PatriciaV]

For tax year 2024, the Section 179 deduction (including carryovers) is disallowed for rental properties. See IRS Pub 946 Section 179 Eligible Property: "Property you acquire only for the production of income, such as investment property, rental property (if renting property is not your trade or business [ie: passive income]), and property that produces royalties, does not qualify."

You have the option to amend return that created the Sec 179 carryover and take bonus/regular depreciation instead.