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Rental Property Depreciation not subtracted from Rental Property income.
In the Federal > Income and Wages Section > Rental Properties and Royalties (Sch E) section, clicking Add/Edit takes you to the "Your 2024 rentals and royalties summary" section.
After adding the depreciation amount, it shows up on this page.
However, after clicking "Done", the amount is not shown on the next page:
The net income for the property does not take the property depreciation amount into account. It looks like I've hit a software bug. Is there a way to get around this?
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‎April 12, 2025
12:07 PM