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skinnear2
New Member

Accum. Depr. - I have been using Turbo Tax for the life of a rental property I sold this year. How do I determine the total accumulated depreciation applied by Turbo Tax?

 
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6 Replies

Accum. Depr. - I have been using Turbo Tax for the life of a rental property I sold this year. How do I determine the total accumulated depreciation applied by Turbo Tax?

You can look for the Depreciation and Amortization Report in the PDF generated by the latest version of TurboTax that you used to prepare your return. The report will contain the prior and current depreciation in separate columns.

 

The total should also transfer in to the 2019 version of TurboTax I presume you are using for the 2019 tax year.

Accum. Depr. - I have been using Turbo Tax for the life of a rental property I sold this year. How do I determine the total accumulated depreciation applied by Turbo Tax?

Follow the screen instructions carefully ... the program should already have that info if you transferred in the 2018 tax file ...  

 

https://ttlc.intuit.com/questions/1933977-i-sold-my-rental-property-how-do-i-report-that?jump_to=ans...

Carl
Level 15

Accum. Depr. - I have been using Turbo Tax for the life of a rental property I sold this year. How do I determine the total accumulated depreciation applied by Turbo Tax?

If by "this year" you mean you sold the property in 2019, you also have to take into account the depreciation taken in 2019 (which will not be included on the 2018 IRS Form 4562). As of this date (Dec 30, 2019) the depreciation section of the program is still under construction. So you'll have to wait for that section to be completed before you can get the exact amount of depreciation recaptured and taxed.

skinnear2
New Member

Accum. Depr. - I have been using Turbo Tax for the life of a rental property I sold this year. How do I determine the total accumulated depreciation applied by Turbo Tax?

Thank you very helpful.

 

Steve

skinnear2
New Member

Accum. Depr. - I have been using Turbo Tax for the life of a rental property I sold this year. How do I determine the total accumulated depreciation applied by Turbo Tax?

Thank you .  Very helpful.

 

Steve

skinnear2
New Member

Accum. Depr. - I have been using Turbo Tax for the life of a rental property I sold this year. How do I determine the total accumulated depreciation applied by Turbo Tax?

Thank you.  Very helpful.

 

Steve

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