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February 18, 2025
Question

Asset Worksheets do not carryover from 2023

  • February 18, 2025
  • 1 reply
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Asset worksheets did not carryover from 2023.  Only one of 8 asset schedules for  Schedule E  rental property came forward from 2023. How do I add prior year assets worksheets into the 2024 return.

1 reply

PatriciaV
February 19, 2025

If your assets were not sold last year and they are missing from your current return, you will need to manually re-enter the rental assets for your rental property. Use the Depreciation Report that was part of your prior year return so you report the correct basis and accumulated depreciation.

 

TurboTax Online automatically brings your prior information into the current year. But if you're using TurboTax for Desktop, you may wish to transfer your prior return to the current software again and save as a new return. There is no way to import the assets from a prior year return other than the transfer process for a new return.

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