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Turbo tax shows a Federal Depreciation of $838 on my return. I don't believe this is correct how can I change it?

 
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MarilynG
Expert Alumni

Turbo tax shows a Federal Depreciation of $838 on my return. I don't believe this is correct how can I change it?

Depreciation on your tax return would relate to an asset used for business; such as a Vehicle, a rental property, or a home office, for instance.

After you pay for your return, you can print/view all your forms and worksheets.  Look at Form 4562 to see what items Depreciation is being claimed for.  If the info is not correct, go back to that item in TurboTax and Edit or Delete it.

Here's more on depreciation you may find helpful:

https://ttlc.intuit.com/replies/3302228


Edited 3/10/18 7:12 pm

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1 Reply
MarilynG
Expert Alumni

Turbo tax shows a Federal Depreciation of $838 on my return. I don't believe this is correct how can I change it?

Depreciation on your tax return would relate to an asset used for business; such as a Vehicle, a rental property, or a home office, for instance.

After you pay for your return, you can print/view all your forms and worksheets.  Look at Form 4562 to see what items Depreciation is being claimed for.  If the info is not correct, go back to that item in TurboTax and Edit or Delete it.

Here's more on depreciation you may find helpful:

https://ttlc.intuit.com/replies/3302228


Edited 3/10/18 7:12 pm

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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