Cost basis of rental property is based on the numbers you personally entered when you first entered the property into the program the first year you started using the program if you acquired the rental property before you started using TurboTax, or in the tax year you acquired the property if you were using TurboTax in that year of property acquisition.
Cost basis and depreciation is shown on IRS Form 4562. There are two of those forms each tax year and both print in landscape format. One is titled "Depreciation and Amortization Report" and for most is the primary one used. The other is titled "Alternative Minimum Tax Depreciation" and is used by the program only if AMT taxes apply to your specific situation, which is not all that common.
The IRS Form 4562 is not actually filed with the tax return each year, unless certain conditions are met. For example, in the first year of use it will be filed with the tax return, and from that point on it's filed "ONLY" if something changes, such as selling/disposing of an asset, adding an asset, removing an asset, etc. However, the program will produce the 4562 every single year weather it's actually filed or not. To get it so you can print it, you will need to save the return in PDF format electing to save everying, and not just the forms required for filing or forms required for your records. After saving everything in PDF format, you can open that PDF file with any PDF reader program, locate the 4562's you need to print and print them.
With the online version of TurboTax everything will be saved to a PDF file automatically "for you" by Oct 15th of each year. Simply log into your account, download the PDF and open it.
With the CD/Desktop version of TurboTax, you are the one who has to take physical action to save your tax return as a PDF to your computer. This is done under the FILE tab. (the file ***TAB*** not the file *menubar* pulldown. )
