Does TurboTax Support help with calculating and recording Depreciation for rental property and any costs related to improvement of property

[Coleen3]

TurboTax will calculate any depreciation based on the purchase price if not converted property or the lower of adjusted basis or Fair Market Value if you convert from personal use to rental. If you have already have made improvements prior to beginning the rental use, include it in the basis.

Otherwise, you will list the improvements separately. Again, use the cost as the amount to depreciate.