- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Based on your question, there is no way for me to tell if you are double counting.
I can tell you that all rentals should have a depreciation schedule, because the value of the building, but not land is depreciable. You may additional depreciable items as well, like a replacement appliance.
If your rental is showing correctly on your tax return, the rental income and expenses are shown on Schedule E and there is also a Form 4562, showing the allowed amount of depreciation.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 16, 2020
2:10 PM