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Rental Depreciation
I have used turbotax premium for years to track my rental property. In 2022 I did some capital improvements and added those and they appear on the 4562 and other forms along with the original house cost basis and depreciations. For 2023 I started by uploading the prior year return, and it did pull in the capital improvements, but not the house cost basis, land, and prior depreciations. I sold the house January 2023 so trying to calculate the gain, depreciation recapture, etc. I could do this manually, but unsure why turbotax premier is not showing the house cost/depreciation. This is the main reason I have paid for the premier version all this time so that it would track as opposed to manual entry. Suggestions?
March 24, 2024
6:17 AM