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Level 1
April 1, 2026
Question

Help me find Accumulated Depreciation in state section of 2025 taxes

  • April 1, 2026
  • 1 reply
  • 29 views
I need to add it to tjis years

1 reply

Level 15
April 1, 2026

You don't add depreciation for a rental property, federal or state.  You set up the asset in the rental property section and the based on the information you enter, TurboTax will calculate and enter the depreciation and track accumulated depreciation.  The program calculates state depreciation based on whether your state's status/lever of conformity with federal depreciation rules.  If your state is fully conforming then state depreciation will be the same as federal depreciation.  There will be federal and state depreciation schedules that print for each property when you finish and print your return. 

 

When you add an asset that was placed in service in a previous year, TurboTax will calculate accumulated depreciation from the date it was placed in service as well as depreciation expense for the current year.  The can be differences in how TurboTax calculates accumulated depreciation (federal and/or state) and how your previous software calculated it.  If this is the case, and you are using TurboTax Desktop, you can access the property's Asset Worksheet in Forms view and manually enter the accumulated depreciation so that it agrees with your prior records.  This option is not available in TurboTax Online.

 

To enter a rental asset, such as a house, in TurboTax Online:

 

  • Navigate to the Wages and Income Summary page
  • Scroll down and select Rental Properties and Royalties (Sch E) 
  • Click on Add/Edit
  • If you've already started your Rental, select the pencil icon for that property to edit, otherwise click on "Add another rental..."
  • Click on the "Add expense or asset" button
  • Check the box for "New rental property" under assets, scroll down and click Continue
  •  Follow the step-by-step to set up your rental asset.
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