JulieS
Expert Alumni

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.

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