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augluc
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I need to depreciate a portion of a a duplex as a rental. do I depreciate only the square ft theat I rent?

 
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I need to depreciate a portion of a a duplex as a rental. do I depreciate only the square ft theat I rent?

Yes, you will only depreciate the portion (or square footage) of your property that is rented

You will not make a manual entry for depreciation, TurboTax will automatically calculate it for you per the below instructions.

  • Type in rentals in the search box, top right of your screen, then click the magnifying glass

  • Click the jump to rentals link in the search results.

  • Navigate to the Rental Summary page

  • Scroll down to Assets/Depreciation category

  • Click Start or Update

  • Follow the prompts and online instructions

.

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1 Reply

I need to depreciate a portion of a a duplex as a rental. do I depreciate only the square ft theat I rent?

Yes, you will only depreciate the portion (or square footage) of your property that is rented

You will not make a manual entry for depreciation, TurboTax will automatically calculate it for you per the below instructions.

  • Type in rentals in the search box, top right of your screen, then click the magnifying glass

  • Click the jump to rentals link in the search results.

  • Navigate to the Rental Summary page

  • Scroll down to Assets/Depreciation category

  • Click Start or Update

  • Follow the prompts and online instructions

.

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