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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 Reply
MarilynG1
Expert Alumni

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.

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

 

 

 

 

 

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