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February 12, 2021
Question

Home Depreciation

  • February 12, 2021
  • 1 reply
  • 0 views

TurboTax isn't calculating my home depreciation for Form 8829.  The Asset Life History shows a deduction amount through the year 2022.  I've never had an issue with taking this deduction in past years.  Anyone know what the problem could be?

1 reply

February 18, 2021

Two possibilities come to mind.

 

At the screen Based on this info, your simplified home office deduction is did you elect No, I want to take actual expenses.

 

At the screen Tell us about your home, were all the data elements entered including Describe the item or asset?  I have found that just leaving the Describe box blank will cause the depreciation not to calculate.

 

See also this TurboTax Help.

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