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Depreciation on Rental Home
Hi. My partner and I share a rental property. I have had my 2024 taxes done by a CPA and am doing my partner's taxes on Turbo Tax to save money. I have the figures that my CPA used for depreciation and want to use those figures for my partner's taxes (although at a different % because we don't own it equally). Since we weren't using Turbo Tax when we first purchased the property, we have already calculated depreciation over the last 5 years, how do I enter in Turbo Tax? I don't want it to assume we just purchased it and haven't already allowed for previous depreciation. Maybe once I get into the questions it will address this, but wanted to get this out there in case I can't figure it out.
‎February 4, 2025
2:55 PM