go2dance
New Member

Why is my rental property depreciation deduction showing up as zero? Shouldn't it be the same as last year?

Last year my depreciation deduction was $5,900. It is the same this year but it's showing up as zero at the final summery section. How come?

Investors & landlords

Ignore the summary screens, as they can be quirky.  Look at Line 18 of Schedule E to look at any depreciation that was claimed.
FaithY
Expert Alumni

Investors & landlords

Your depreciation deduction will show up as zero this year if your asset has already been fully depreciated. I suggest reviewing your depreciation schedule to see if your asset was fully depreciated when you filed last years return. 

Investors & landlords

I just purchased a new rental house in October of 2021 and keyed in the purchase price and improvements. I also noted that the property was available for rent approximately 80 days in 2021. However, I'm not seeing any depreciation for this property being populated in schedule ez?

Investors & landlords

Was this a converted personal residence by any chance ?   Or did you enter in any personal use days ?