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RMQ15
New Member

How do I find the depreciation/fixed asset schedule that TurboTax has created for rental properties showcasing the accumulated depreciation and history of assets bought?

 
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8 Replies
MarilynG1
Expert Alumni

How do I find the depreciation/fixed asset schedule that TurboTax has created for rental properties showcasing the accumulated depreciation and history of assets bought?

Look for Form 4562 in your tax return (a sideways page).

 

A Depreciation and Amortization report is generated each tax year that you use TurboTax which lists all assets for the business or rental property that you have entered.

 

Or if you are reporting the business use of a vehicle for the current tax year on page 2 of the form.

 

Click this link for more info on Business Depreciation

 

 

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Carl
Level 15

How do I find the depreciation/fixed asset schedule that TurboTax has created for rental properties showcasing the accumulated depreciation and history of assets bought?

Since you're using the online version of Turbotax, forms mode is not available to you. Therefore, after you complete the return, pay your filing fee (so you can save it in PDF format) and download the saved PDF file, you'll find what you need in the PDF.

There will be two IRS Form 4562's related to that rental property. Both print in landscape format. One is titled "Depreciation & Amortization Report" and that's most likely the one you're interested in. That shows the list of assets, date the asset was placed in service, cost basis of that asset, the total of all prior year's depreciation taken, and the current year's depreciation.

shalabhj
New Member

How do I find the depreciation/fixed asset schedule that TurboTax has created for rental properties showcasing the accumulated depreciation and history of assets bought?

hi Carl! thanks for the detailed answer .. but i cannot find the second document .. the spreadsheet which shows the "Depreciation and Amortization Report"

 

i just see the 4562 form to be filed to IRS

How do I find the depreciation/fixed asset schedule that TurboTax has created for rental properties showcasing the accumulated depreciation and history of assets bought?

 

Keep looking ... save  PDF WITH the worksheets to see it ...  

 

 

To access your current year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/

 

Scroll down to the bottom of the screen and on the section Your tax returns & documents click on Show.  Click on the Year and Click on Download/print return (PDF)

 

Or –

 

When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state. 

 

This will take you back to the 2020 online tax return.

 

Click on Tax Tools on the left side of the online program screen.  Then click on Print Center.  Then click on Print, save or preview this year's return.  Choose the option Include government and TurboTax worksheets

 

 

 

 

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How do I find the depreciation/fixed asset schedule that TurboTax has created for rental properties showcasing the accumulated depreciation and history of assets bought?

this worked thank you

How do I find the depreciation/fixed asset schedule that TurboTax has created for rental properties showcasing the accumulated depreciation and history of assets bought?

On the online version, one needs to click Amend Taxes to access  Tax Tools

How do I find the depreciation/fixed asset schedule that TurboTax has created for rental properties showcasing the accumulated depreciation and history of assets bought?

Thank you! Why do they make it so hard to find these things?!

 

How do I find the depreciation/fixed asset schedule that TurboTax has created for rental properties showcasing the accumulated depreciation and history of assets bought?

A user mentioned this above, but the exact steps as of March 2024 are:

1. Navigate to "Tax Home"

2. Scroll to the bottom and click on "Your tax returns & documents" to expand the options

3. For the year you're interested in, click "Amend (change) XXXX return." XXXX represents the year in question

4. Confirm by clicking "Amend using TurboTax Online"

5. On the next screen, look to the tool bar on the left side of the window. There should be an option for "Tax Tools." Click this to expand options, then click "Print Center"

6. Click "Print, save or preview this year's return"

7. Select the checkbox for Federal return (and any other return you want to save), plus the option to "Include government and TurboTax worksheets (optional)"

 

Once you save and open the pdf, you should be able to control+find the depreciation table

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