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Level 3
posted Jan 18, 2021 8:56:51 AM

Does Turbtax calculate depreciation for existing assets from previous years? I am entering rental income, and it doesn't appear that depreciation is being factored in.

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1 Replies
Expert Alumni
Jan 18, 2021 11:35:32 AM

Make sure your Rental Property is shown correctly in the Property Info section and Assets section. .   If not, you may need to add it back in.

 

Click this link for more info on How Rental Property is Depreciated