On the Sales of Business Property screen, how do I calculate the Depreciation? See screen shot attached of the screen.
You'll need to sign in or create an account to connect with an expert.
This is the amount of Depreciation that you have taken on the rental, for the entire time you've had the property. If you have worksheets from filing your taxes somewhere else last year, you should have 'depreciation worksheets' attached to the back of your return.
Your depreciation worksheets will have an amount called Accumulated Depreciation, which is the total depreciation taken on your property to date.
Otherwise, if you filed within TurboTax in the past, you can report your property sold from within your rental basic info/profile and the Asset/depreciation section.
This is the amount of Depreciation that you have taken on the rental, for the entire time you've had the property. If you have worksheets from filing your taxes somewhere else last year, you should have 'depreciation worksheets' attached to the back of your return.
Your depreciation worksheets will have an amount called Accumulated Depreciation, which is the total depreciation taken on your property to date.
Otherwise, if you filed within TurboTax in the past, you can report your property sold from within your rental basic info/profile and the Asset/depreciation section.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Kathyyy
Returning Member
katehailey
New Member
TaxPrep85
New Member
Jam89
Returning Member
mjmoor60
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.