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How do I ensure Turbotax includes depreciation for my rental property on my returns? I noticed in previous years this has not been included on schedule E.
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December 30, 2019
8:02 AM
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Investors & landlords
Did you set up your rental property in the Assets/Depreciation section under Rental Properties and Royalties? If so, the proper depreciation deduction should be calculated and carried forward to each successive tax year in TurboTax.
December 30, 2019
9:22 AM
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Is their a section in rental portion of Turbo Tax to depreciate a rental property?
February 7, 2020
1:17 PM
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Investors & landlords
@zackofot wrote:
Is their a section in rental portion of Turbo Tax to depreciate a rental property?
You must enter the rental property as an Asset to be depreciated in the rentals section of the program.
February 7, 2020
1:21 PM
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