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fcirillo
New Member

How do I correct my annual rental home depreciation which messed up after trying to show a 2017 improvement?

 
1 Best answer

Accepted Solutions
DanO
New Member

How do I correct my annual rental home depreciation which messed up after trying to show a 2017 improvement?

I don't know what entries you made, but if you go back and delete the changes or re-enter the original data then we can move forward.

With the rental improvement you will set up a new asset and depreciate it over 40 years.

  • Sign into TurboTax
  • Click on Search at top right and Enter rentals and click search
  • Click on Jump to rentals
  • Click Yes to review your rental and royalty information
  • Next screen answer appropriately and Continue
  • On the Rental and Royalty Summary - Edit your rental
  • Click on Assets / Depreciation - Update
  • Click Yes, I want to go to my asset summary and Continue
  • Click add an asset and go through interview

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1 Reply
DanO
New Member

How do I correct my annual rental home depreciation which messed up after trying to show a 2017 improvement?

I don't know what entries you made, but if you go back and delete the changes or re-enter the original data then we can move forward.

With the rental improvement you will set up a new asset and depreciate it over 40 years.

  • Sign into TurboTax
  • Click on Search at top right and Enter rentals and click search
  • Click on Jump to rentals
  • Click Yes to review your rental and royalty information
  • Next screen answer appropriately and Continue
  • On the Rental and Royalty Summary - Edit your rental
  • Click on Assets / Depreciation - Update
  • Click Yes, I want to go to my asset summary and Continue
  • Click add an asset and go through interview
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