I understand now that I should have applied depreciation for my rental properties. I am not sure what that is or how to do it, how do I do that?

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I understand now that I should have applied depreciation for my rental properties. I am not sure what that is or how to do it, how do I do that?

Depreciate is calculated when you enter your rental property information.

Please click on/view links at the bottom of this FAQ. Please read this TurboTax FAQ for additional information about "How do I handle capital improvements and depreciation for my rental?": How do I handle capital improvements and depreciation for my rental?

Real Estate Tax & Rental Property: https://turbotax.intuit.com/tax-tips/rental-property/real-estate-tax-and-rental-property/L3e09vT71

Pub 527 - Residential Rental Property: https://www.irs.gov/pub/irs-pdf/p527.pdf

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