Question

I accidentally deleted the Special Depreciation Allowance for an entry transferred from my 2018 return for schedule E. There is now no option to input it. What can I do?

Forum|Forum|6 years ago
February 2, 2020
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TurboTax Premier Online

You can delete the asset, and then re-add it. You will need to use the same inputs (cost, date placed in service, etc) that the original asset had, which would be available in last year's depreciation report.

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T

twjtaylorAuthor

Thanks @DavidD66.

I followed the instructions you provided and filled out everything to match the 2018 Asset Entry Worksheet. That seems to be exactly the right advice but it wouldn't let me input the Special Depreciation Allowance I took in 2018. I believe it should have been possible after the Confirm Your Prior Depreciation page. The help tip on the page says:

"Do not include any Section 179 or Special Depreciation Allowance (SDA) here. If your asset qualified for one or both of them in the first year you used it, we will ask you for those amounts next."

The option to do that never showed up on the next page and it went straight tot the Asset Summary page.

Could there be a bug?

KathrynG3

From the left menu>Federal>Income & Expenses>Review Self-Employment Income & Expenses>Review>Scroll to your Assets and click Edit>Click Yes>Edit the Asset in Question to run back through the interview.

The screen before Confirm Your Prior Depreciation would be the place to enter the prior Section 179 deduction. Next, you Confirm Your Prior Depreciation. Then, on the Asset Summary page, click the box underneath the assets to verify the details.