Investors & landlords

You have to add the house as an asset before you can depreciate it. The program pictures and prompts have some variation so choose what is close to this.

Follow these steps:

1. Open to federal income
2. Select rental
3. Rental and Royalty summary
4. select the property and Edit
5. Summary of your rental shows
6. Locate the asset/ depreciation section
7. Edit/Update
8. $2500 of items or less, select  no to get to the house and get it added. You can come back later and say yes.
9. Make improvements- select no for now. Again, you can come back later and say yes.
10. Select to add an asset
11. Enter the house as an asset
12. select add asset
13. Enter any other assets/ improvements
14. done