Doing a cost segregation for my airbnb. Will result in depreciation losses which can offset my taxable income. Does Turbotax have this capability to document depreciation into my taxes?
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Hello Rmichaelsonza,
Yes, TurboTax does have capability to document/enter depreciation of these assets. But please note, you will have to enter each assets separately. You will not be able to import them. You might be able to group some of them together depending on the purchase date.
Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!
Hello Rmichaelsonza,
Yes, TurboTax does have capability to document/enter depreciation of these assets. But please note, you will have to enter each assets separately. You will not be able to import them. You might be able to group some of them together depending on the purchase date.
Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!
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