When you enter your rental property information into the system,
TurboTax will ask you questions regarding the rental property, to determine the
depreciation method to apply, and calculate depreciation. The program
will then generate Form 4562 and apply the correct depreciation method for you.
Please see
the following TurboTax FAQ, "What is Form 4562?":
https://ttlc.intuit.com/replies/3300672
Please also
see the following TurboTax FAQ, "Where do I enter income and expenses from
a rental property?":
https://ttlc.intuit.com/replies/3288530