Do I need to declare depreciation in 2020 for my rental house or will it happen automatically based on my form 4562 in tax year 2019.

[danhilde]

I see Schedule E (of course) and Form 4562 (Depreciation and Amortization) on my 2019 taxes (completed in 2020) but unsure whether I have to take depreciation again for 2020.  If so, it's unclear to me how to do this.

[DavidD66 · Accepted solution]

If you set it up as a rental property in TurboTax, it will calculate the depreciation expense each year until your dispose of the property or it is fully depreciated.  So, if you set it up in 2019 and you're showing depreciation expense on last year's return, it will be on the 2020 return.

[danhilde]

First, thank you *very* much for your answer.  Actually, your answer triggers a much more interesting question but this may go to a different expert.  I submitted the depreciation question while logged in with my girlfriend to *her* TurboTax account.  We have one desktop here and we both use it to access TurboTax.  My taxes were finished/submitted already a week ago and we're still working on hers.  Herein lies the mystery.  We submitted the depreciation question while logged into her (TurboTax) account, not mine.  Yet ... the answer that you provided was emailed to my email address (i.e. the one entered on my TurboTax account), not hers.  Hoping that one of the techies will see this and solve the mystery!