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Author: salaryguru Big gold star, 5000 posts Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Depreciation and Tax Software Date: 8/22/2001 9:21 PM
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My question is this: Do any of the popular tax software programs (TurboTax, Kiplinger's etc.) guide you through the depreciation maze?
If anyone has personal experience with using any software for depreciation, I would like to hear comments and recommendations.


I may be a fool (not to be confused with being a Fool), but I have never felt comfortable relying on someone else to do my taxes anymore than I trust someone else to do my investing. I use Turbo Tax and have for several years. I have a side business that requires me to depreciate certain equipment. The first year I did this, it took me longer to feel comfortable with the process than in following years. Every year I curse the tax code while I spend several evenings working through the Turbo Tax interview. But I follow the instructions and read the documents and complete my tax forms. When I'm finished, I can't imagine trusting the job to anyone else.
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