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Investors & landlords
First setup the rental profile under
Wages & Income
Rental Properties and Rentals
After the rental is "set-up"
Don't leave the rental section
Scroll down to Assets/Depreciation and enter the rental property (building and land)
If you need to go back, go back to
Wages & Income
Rental Properties and Rentals
Update
"Do you want to review?" YES
Select the proper response for "So far You're not a Real Estate Professional" screen and CONTINUE
Next should be a list on the "Rental and Royalty Summary" screen
Select EDIT for the rental on that list
Select Assets/Depreciation on the next screen and add the property if not yet entered
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March 29, 2025
11:41 AM