Business & farm
The rental depreciation is calculated when you enter the rental assets. When you start out in the rental section, you enter information about the property, and then you have to enter all of your rental assets, the home or unit, and any additions you have added.
You need to enter your rental property as an asset under the asset section of rental properties. At some point, you'll come across the Rental Summary screen. Select Start next to Asset/Depreciation and follow the onscreen instructions. We'll figure out which depreciation method works best in your favor.
How do I handle capital improvements and depreciation for my rental?
Where do I enter income and expenses from a rental property? After you do this, proceed to the Assets section and enter the properties there.
