Get your taxes done using TurboTax
Form 4562 Depreciation and Amortization Report includes all of the depreciation and asset information.
It would be possible to remove the asset information for each rental property, then add the assets back as you complete each individual rental property.
In TurboTax Desktop Premier version, follow these steps to delete a rental asset.
- Go to Federal Taxes / Wages & Income / I'll choose what I work on / Rental properties and Royalties.
- Select Update to the right.
- Continue through several screens.
- At the screen Rental and Royalty Summary, click Edit for the rental activity.
- At the screen Review your rental summary, click Update to the right of Assets / Depreciation.
- At the screen Do you want to go directly to your asset summary?, select Yes.
- At the screen Your Property Assets, select Delete to the right of the asset to be deleted.
- To add the assets back, click Add an Asset.
