3625415
I own 2 rental properties. In last year's return, I noticed nothing showed up in Form E Line 18, which should be the annual depreciation amount for each property.
I've tried amending it, but the Rental Property Info section doesn't seem to allow it (or, I can't figure it out). The Expenses / Assets (Depreciation) section asks about Real estate taxes, Repairs, Cleaning/maintenance and Mortgage interest -- but not Depreciation. And there is no option in the Rental property info section to edit this.
One other note: The depreciation was showing up correctly in previous years -- so it has Cost Basis and the depreciation schedule info somewhere. I had used a CPA - not using Turbo Tax for two years and now this info seems to be gone.
Thanks in advance.
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You have to add the house as an asset before you can depreciate it. The program pictures and prompts have some variation so choose what is close to this.
Follow these steps:
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