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Please help! On Schedule E, Expenses sections, #18: Depreciation expense or depletion: Where can I enter the details? Thank you in advance.

 
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7 Replies

Please help! On Schedule E, Expenses sections, #18: Depreciation expense or depletion: Where can I enter the details? Thank you in advance.

Your username looks like you might be a paid preparer.  If so, you cannot use TurboTax.

Please help! On Schedule E, Expenses sections, #18: Depreciation expense or depletion: Where can I enter the details? Thank you in advance.

 I have Proseries, thank you so much.

Please help! On Schedule E, Expenses sections, #18: Depreciation expense or depletion: Where can I enter the details? Thank you in advance.

This is a forum for personal Turbo Tax .  The professional versions and ProSeries have there own support forums.  ProSeries Support    <a rel="nofollow" target="_blank" href="https://accountants.intuit.com/support/tax/proseries/index.jsp?taxpro=true">https://accountants.intu...>

ProSeries Forum   <a rel="nofollow" target="_blank" href="https://accountants-community.intuit.com/proconnect-proseries-us-en">https://accountants-community.i...>

Please help! On Schedule E, Expenses sections, #18: Depreciation expense or depletion: Where can I enter the details? Thank you in advance.

In ProSeries, you need to enter the information on the "Asset Entry Worksheet".  There is a "Quickzoom" button about 1/2 way down the Schedule E worksheet (a little below Line 22).

Even easier, just double click the space on Line 18a of the Schedule E Worksheet.
Coleen3
Intuit Alumni

Please help! On Schedule E, Expenses sections, #18: Depreciation expense or depletion: Where can I enter the details? Thank you in advance.

As you go through the Rental interview, you will be asked the purchase price of the property and the date. The program uses this information to calculate the depreciation. In the depreciation section, you can walk through the additional questions.

(See the attached screenshot below. Click to enlarge.)

scamp
New Member

Please help! On Schedule E, Expenses sections, #18: Depreciation expense or depletion: Where can I enter the details? Thank you in advance.

I own 6 rental properties and want to enter the depreciation without 20 questions. turbo won't let me. help

Please help! On Schedule E, Expenses sections, #18: Depreciation expense or depletion: Where can I enter the details? Thank you in advance.

TT is an interview based program where direct form entry is not available if you use the ONLINE version and if you use the Downloaded/CD version you can make direct entries in the FORMS mode HOWEVER this will void the accuracy guarantee and keep you from efiling. 

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