I am not showing a depreciation expense or depletion amount on my schedule E.Did I do something wrong?

[Carl]

Rental property is depreciated.  Royalty property is depleted. Which do you have? It matters.

ALso, did you purchase, acquire or convert this property to rental property in 2019? (Assuming you have rental property, and not royalty property)

[MarilynG1]

If you have Rental Income reported on Schedule E, set up the property in the Property Profile and Assets/Depreciation sections to have depreciation calculated for you.

If you have Royalty Income reported on Schedule E, your Depletion is calculated for you when you enter your 1099-Misc (screenshot).

[jsan5769]

I have a rental but I don't see where to have Turbo Tx calculate the depreciation for me...

[jsan5769]

I do not find where to have turbo tax calculete the depreciation of my rental ...

[Irene2805]

To depreciate your rental house, you must first enter the house as an asset.  To do this, please follow these steps:

1. Click on Federal  > Wages & Income 
2. In the Rentals, Royalties and Farm Royalties section click on the Start/Update box next to Rental Properties and Royalties (Sch E). 
3. On the Income from Rentals or Royalty Property You Own  screen, click Yes.
4. If you have already started adding information about your  rental, you will come to the Rental and Royalty Summary screen.  Click on Add Another Rental or Royalty. 
5. Continue through the screens, entering the requested information.
6. You will come to the screen, Review Your [property address] Rental Summary. 
7. Click on Start/Update in the Assets/Depreciation section.  Continue through the screens to enter the information on the property and TurboTax will calculate the depreciation  for you..
8. When you have finished entering the income, you will be brought back to the Review Your [property address] Rental Summary so you can enter other categories such as expenses, vehicle expenses, depreciation, etc.

[Goesha1]

I have rental property acquired around 2014.  I am re-entering my 2019 taxes as I cannot open my 2019 tax return.  I have entered all my expenses with the exception of my depreciation expenses for two properties.  I have the correct amount of depreciation expense on my paper copy Schedule  E but their is no way I can enter it when trying to re-create my 2019 tax return.

[ThomasM125]

On your Rental Summary screen in TurboTax, you should see an option for Assets/Depreciation. Choose that option and you can enter your assets by date put into service and cost. You will have an opportunity to designate them as Rental Real Estate Property, or Computer, Video, Photo and Telephone Equipment, or Tools, Machinery, Equipment, Furniture, or Intangibles or Other Property.

TurboTax will automatically calculate the current year and accumulated depreciation for the assets. You must enter each asset individually.