pk
Level 15
Level 15

Investors & landlords

@dmkpatrick 

are you saying you have entered the  rental property as an asset  ( asset entry worksheet) -- TurboTax should have asked you for  Acquisitions cost, Cost of land under the property, when you bought the prop. and when  you first started to rent the ( the date you actually started advertising for rent ) ?   Because this is what is used by Turbo to compute the depreciation which will then flow to your Schedule-E as allowable depreciation for the year.