Note that long term residential rental real estate assets do not qualify for the SEC179 deduction. However, some such asset classes can qualify for the special depreciation allowance. If you took it last year, then obviously you wouldn't be asked about it this year, but rest assured if you did it correctly in 2018, then it is there in your 2019 taxes already. There's two places to check this.
- After working through the asset, on the last screen click the checkbox next to "details" to show the details. I'm not sure if it will show the SDA there or not, but I would expect it to.
- After you have completed *ALL* rental properties and have left the rental section entirely, you can look at the IRS Form 4562 titled "Depreciation and Amortization Report" for that property and it "should" be shown in the "Special Depreciation Allowance" option. It will not be on the 4562 titled "Alternative Minimum Tax Depreciation".
