How do I ensure Turbotax includes depreciation for my rental property on my returns? I noticed in previous years this has not been included on schedule E.
031469
3 Replies
Anonymous_
Level 15
Dec 30, 2019 9:22:42 AM
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.
zackofot
Level 1
Feb 7, 2020 1:17:36 PM
Is their a section in rental portion of Turbo Tax to depreciate a rental property?