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Investors & landlords
You have to enter the original basis s[separate land value. land is not depreciated] and original placed in service date. Turbotax then calculates the same depreciation with correctly entered data.
Once you have the property correctly entered you enter expenses at the summary screen by click the update/start to the right of the listing.
NOTE. Rental income loss is not a legitimate tax expense.
Rental Property Income and Expenses
https://ttlc.intuit.com/replies/3288530
Form 4562 is generated only with a new asset entered for the rental property.
‎June 6, 2019
2:55 AM