turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

dearindialeigh
Returning Member

cannot find where to enter depreciation for my rental property and I've followed all the ai instructions.

I've asked the ai help and there just is not the options present that ai is telling me to follow
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
ThomasM125
Expert Alumni

cannot find where to enter depreciation for my rental property and I've followed all the ai instructions.

When you review your rental property entries, you will see a section for Assets/Depreciation. That is where you can enter your depreciation for your rental property and furnishings:

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

cannot find where to enter depreciation for my rental property and I've followed all the ai instructions.

On your Rental Summary screen, click on the start/update button for Assets/Depreciation

There will be a series of screens for you to answer questions concerning your assets. 

When you land on the screen Describe this Asset - select Rental Real Estate Property and Continue. 

On the following screen select Residential Rental Real Estate

The next screen asks about a description, cost, cost of land, date purchased or acquired.

The following screen asks some more question to include the date you put this asset into service/using it for business.

You have now added the rental property as an asset and it is being depreciated over 27.5 years.

 

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question