Premier desktop has all you need for rental property. I "think" the online version does too. But since I don't use online I can't be 100% sure. However, if you can enter "ANY" rental information in Premier Online, then it has "EVERYTHING" you need, including the section for Assets/Depreciation.
If you filed SCH E last year on the same property, and if you imported the data from last year's return, there's no need to "enter depreciation" the 2nd year. The data is imported from last year and the program figures the depreciation for you. However, I most certainly recommend things be confirmed. For the desktop version of the program where you see things listed for entering rental income, rental expenses, etc. listed on that same screen is "Assets/Depreciation" and it's there where all the asset information and depreciation data is. Typically, the only reason you have to "do" anything in that section is if you acquired, converted or disposed of an asset.
