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March 28, 2025
Question

Where do I find MACRS deductions for assets placed in service beginning in 2002?

  • March 28, 2025
  • 2 replies
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How do I calculate total depreciation claimed in previous years?

    2 replies

    March 29, 2025

    If you used TurboTax in previous years, your prior years accumulated depreciation would appear on the asset worksheet for each asset on line 12:

     

     

    Otherwise, you would have to calculate it using one of the tables in IRS Publication 946.

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    March 29, 2025

    what type of asset? except for real property, most assets would be fully depreciated after 23 years.