Missing Depreciation and Ammortization Report in return

Forum|Forum|1 year ago
March 20, 2025
1 reply
8 views

Last year Ernst&Young prepared my 2023 return and they included in Schedule E reports for Depreciation and Amortization, one per property. Why can't I see these tables in the return produced with TurboTax online, and how do I include this information in my 2024 return?

PatriciaV

Level 15

TurboTax creates a Depreciation and Amortization Report for each activity with depreciable assets in your return. When you download your complete return as a PDF, these reports are included.

If you have entered your assets and reported the prior depreciation, follow the instructions here to preview/print the forms in your return: How do I preview my TurboTax Online return before filing?

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JAIME-TITOMALONEAuthor

Level 3

Thanks @PatriciaV!

I cannot find this report you mention in the final 2024 return pdf. Does that mean I've done something wrong? What should I check?

Two follow-up questions:

A. Do I need to report last year's calculated depreciations?

B. If yes, can you please tell me where I need to enter this info in the Turbotax Online form?

PatriciaV

Level 15

Yes, you need to set up the assets and report the depreciation already taken on the asset since it was first placed in service. That is the only way TurboTax can calculate the current year depreciation. See this article for more information: How do I handle capital improvements and depreciation for my rental?

Here is a screenshot of the report header you should find in your forms after you complete the asset entries.