Fit Small Business: Get Your Business Into Shape! › Forums › Ask a Question › I have an asset that I need help with depreciation. › Reply To: I have an asset that I need help with depreciation.
If you used TurboTax last year, then you should be able to import last year’s data so that the depreciation calculations carry over to this year’ tax return. With that said, TurboTax should ask you whether or not you still have that asset along with a series of questions that would guide you as to how to handle the depreciation for this year. If that is not happening or if you were not able to carry over the data from last year, I would reach out to the support team at TurboTax. I know that they have expert CPA’s and EA’s who can answer these type of questions for you and even look over your return.
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