Deductions & credits

Yes, the depreciation is an expense, but it is calculated via the assets. So, that is where you want to navigate.

Here's how to do this in TurboTax Online:

1. Navigate to Federal > Wages & Income > Rental Properties and Royalties (Sch E)
2. Edit the rental using the pencil icon
3. Navigate to Assets, choose pencil icon if you have an asset already set up and are adding more, or choose to Add expense or asset if not.
4.  Now, you will see Your Property Assets with depreciation already computed, or add new assets.