AnnetteB6
Expert Alumni

Investors & landlords

No, that just means that if you indicated to TurboTax that 2022 was the first year you rented the property, then the questions should have automatically appeared as part of the process.

 

You still can and should claim depreciation for the rental property.  Enter it as an Asset, but be sure to indicate when it was first used as a rental and the date you purchased the property when you are entering the information.  They are not always the same date and that is fine.  

 

If 2022 is not the first year that you have rented the property and you did not claim depreciation in previous years, you should amend those years to include the depreciation for the property. 

 

@atankala 

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