Premier is available for desktop users and TurboTax Premium is the product you need for TurboTax Online. Rental expenses and rental assets are different. See the two links below. Yes, whether you add expenses or not, you should go through the Assets section (add the detail under assets) and set up the property for depreciation. You have to recapture the depreciation when you sell the property, whether you took the depreciation or not.
What rental expenses can I deduct?
How do I handle capital improvements for my rental?
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