GeorgeM777
Expert Alumni

Investors & landlords

Sign back into your TurboTax account.  Then go to the Wages & Income section and scroll down the screen to Rental Properties and Royalties. Select Start or Update and continue through the application until you get to the Rental and Royalty Summary screen.  On this screen you should see the two rental properties you have already entered, and maybe the one that is missing depreciation.  If the rental property that is missing depreciation is not there, select the tab for Add Another Rental or Royalty and enter your information about this rental property.

 

If all three rental properties are there, select the one you need to edit.   On the screen Review Your Rental Summary, scroll down the screen to Sale of Property/Depreciation and select Start or Update.  On the screens that follow, check your entries about this property.  You will need to enter, among other things, your cost basis, the cost basis of the land, and the dates you placed the rental property in service.  After the pricing information has been entered, you should see the screen, Asset Summary.  Here you should see your depreciation for this rental property as well as other information.    

 

@freewheeler23 

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