@jafladd No, you don't 'elect to decline' depreciation on your Rental Property. When you first set up your rental in TurboTax and give info on cost, date started renting, ownership%, etc. the Rental Asset is created, and depreciation is automatically added for you each year.
Sounds like you have been doing this correctly.
When you sell your Rental Property (or stop using it as a rental), you will need to recapture depreciation that is calculated (again, based on cost, date started renting), so if you weren't claiming the depreciation each year, the IRS will still treat it as though you had been and you would have missed getting that deduction each year.
Click this link for more info on Rental Property Depreciation.
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