PatriciaV
Expert Alumni

State tax filing

Some items to review under Assets/Depreciation on the page "Tell Us More About This Rental Asset":

1. Checked "I purchased this asset."

2. Checked "Yes, I've always used this item 100% for business." and entered the date you first started using it.

 

The next page should confirm prior depreciation (if any). Then you should see the Asset Summary with a box to check to "Show Details." Check the box and confirm the information is correct. Your depreciation expense for the year will be shown under the property description.

 

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