Which form should we use to enter all 44 of our assets from the Depreciation Detail Listing that our CPA used dating back to 3/1/1985?

[003lynch]

We want to switch to TurboTax from using a CPA. We purchased the CD/Download version for Home and Business for our farm operation.

[MichaelMc · Accepted solution]

You will want to complete an Asset Entry Worksheet for each of the 44 assets and link each worksheet to the appropriate schedule (Sch. C, Sch. E, or Sch. F) for the type of business in which you are using the asset. This can all be accomplished through the interview, but, since you are using a Cd/download version of TurboTax Home & Business, I would suggest that it might be easier if you switch to Forms Mode (click the Forms icon in the upper left corner of your screen).

Select a blank Asset Entry Worksheet by clicking the Open Form icon and begin transferring data from your accountant's depreciation listing. Many of the lines will pre-fill. Be certain that you enter the accumulated prior depreciation on line 9 and verify that the information on lines 45 - 57 matches what you received from your accountant.

The first form will be a bit intimidating, but you will develop a degree of comfort as you proceed through the rest of your assets.

[003lynch]

I wish I could do an interview but unfortunately I am deaf and I don't talk on the phone. :(  I got them all entered, albeit not all of them are correct, but I can go back and fix them as I find out what to do.