Re: How do I change Turbo Tax settings for depreciation from DDB to SL in TT Premier?

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.

posted

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.

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