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Updated almost 8 years ago on . Most recent reply

User Stats

173
Posts
74
Votes
Maria D'Aura
  • Real Estate Agent
  • Livermore, CA
74
Votes |
173
Posts

depreciation and taxes

Maria D'Aura
  • Real Estate Agent
  • Livermore, CA
Posted

I've been using Turbo Tax for our taxes for years. It wasn't until reading BP and hearing the word depreciation that I realized my returns have probably been wrong for several years. 

Can someone point me to where I can learn about deprecation and what I need to look for on my return to figure out if TurboTax has been doing it or not?

If not, do I go back and amend returns? Maybe time for a CPA so any recommendations are appreciated. I'm in California and rentals are all in California if that matters.

Thanks

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