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.