1. From Review Your Rental Summary page click Update next to Assets/Depreciation
2. You will be asked if you bought anything for your rental that is under $2500. In my case I had, so I chose yes.
3.
Next you get the screen "Let's see if you can deduct these items as
expenses". I answered yes to both questions (about qualifying for this
election and agreeing to take this election)
4. Next, you review
each item you bought. This was the step that did it for me. In reality I
had one purchase that was under $2500, and I would choose "Every item I
bought costs $2,500 or less." and this would eventually take me to the
Rental Summary page without letting me add depreciation. So instead
choose "Some items I bought cost $2,500 or less and some cost above
$2,500."
5. Then you are asked if you made improvements to the rental house. I answered "Yes", since I did.
6.
Then I was asked if I wanted to have these improvements deducted as
expenses. First question asks if I am eligible (yes, I was), and the
second asks if I want to take this election (I had to choose no). I
think if you choose this election, you may still end up NOT getting to
the screen to enter depreciation.
7. Then you are asked "Do you
have any items for this rental property that aren't covered by your
elections?". You have to answer yes, to be able to enter them as assets.
8. Now you should be able to add your rental property, or anything else as assets and calculate (or enter) depreciation.
I hope this works for you.
