How do I know what prior-year depreciation to enter here?
Include all depreciation taken in prior years on this asset. This includes any Section 179 depreciation for this asset as well as any bonus (special) depreciation.
If you used FreeTaxUSA in previous years, you can find this information on your Depreciation Schedule statement from tax returns filed in previous years. The total prior year depreciation is shown in the Prior Depr column, Section 179 in the Prior 179 column, and prior bonus depreciation in the Prior Bonus column.
If you used other software, they should provide a similar statement. This statement is usually toward the bottom of your return.
If you used FreeTaxUSA in previous years, you can find this information on your Depreciation Schedule statement from tax returns filed in previous years. The total prior year depreciation is shown in the Prior Depr column, Section 179 in the Prior 179 column, and prior bonus depreciation in the Prior Bonus column.
If you used other software, they should provide a similar statement. This statement is usually toward the bottom of your return.
