Investors & landlords

You do need to go to the section where you entered your rental property information.

1. Select the federal tab, then go to wages and income.
2.  Scroll to Rentals, Royalties and Farms click on the drop down that says show more 
3. Select the federal tab, then go to wages and income.
4.  Scroll to Rentals, Royalties and Farms click on the drop down that says show more
5.  Select Rental Properties and Royalties (Sch E) Select start
6. Then you will go through a series of questions regarding your rental property.
7. Once these questions are answered, Turbo Tax will take you to a Rental Summary Screen. Select edit  
8. When you report your property, make sure you indicate that under rental property information that it is a foreign address and when the screen asks if Is a located in any of these areas?
9. Make sure you check property assets are located outside of the United States or United States possession
10.  Now check your asset information and at the end of the summary, you should see that it is now depreciated using a 40-year depreciation schedule.
11. Here is what the screen will look like if you entered the information properly.