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Did you set up your rental property in the Assets/Depreciation section under Rental Properties and Royalties? If so, the proper depreciation deduction should be calculated and carried forward to each successive tax year in TurboTax.
Is their a section in rental portion of Turbo Tax to depreciate a rental property?
@zackofot wrote:
Is their a section in rental portion of Turbo Tax to depreciate a rental property?
You must enter the rental property as an Asset to be depreciated in the rentals section of the program.
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