I did not see "depreciation of rental house " when I follow "guide me".
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You are correct, you don't see that anywhere, in so many words. What you do see is a place to enter Assets to be depreciated, rental real estate property being the first choice on the list of asset types. After you choose that general asset, you'll choose "Residential Real estate" on the next screen.
Rather than entering depreciation, you enter all the information to allow the program to calculate the depreciation and store the historical data.
Land Improvements consist of things like fencing and sidewalks, done on the outside and independent of the building itself. The land included in the property is not depreciable, as you'll see by separating it out while entering the cost of the building, the outside improvements like the fence can be depreciated
You are correct, you don't see that anywhere, in so many words. What you do see is a place to enter Assets to be depreciated, rental real estate property being the first choice on the list of asset types. After you choose that general asset, you'll choose "Residential Real estate" on the next screen.
Rather than entering depreciation, you enter all the information to allow the program to calculate the depreciation and store the historical data.
Land Improvements consist of things like fencing and sidewalks, done on the outside and independent of the building itself. The land included in the property is not depreciable, as you'll see by separating it out while entering the cost of the building, the outside improvements like the fence can be depreciated
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