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Investors & landlords
Thanks for trying to help! Same issue, deleting cache or using a different browser where turbo tax was never used. Summary of what happens:
• Depreciation does not show under the rental Expenses summary.
• Under Assets, I add/select “Rental property,” and it correctly pulls prior accumulated depreciation and calculates the current-year amount.
• The asset screen shows the correct placed-in-service date, cost basis, remaining basis, and annual depreciation amount.
• I complete the entire asset interview and click “Looks good.”
• However, when I return to the Rental summary page:
The asset still shows as “In Progress.”
The total expenses remain unchanged.
No depreciation line appears.
The depreciation amount is not included in the Schedule E total.
The depreciation calculation engine appears correct, but the depreciation does not attach to Schedule E.
This looks like a linking or recalculation issue between the Asset module (Form 4562) and Schedule E in TurboTax Online.
Any help/tips really appreciated.