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Can I deduct depreciation on my rental house?

Where do i enter the depreciation on my rental house in Turbo Tax?
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2 Replies

Can I deduct depreciation on my rental house?

Yes.  Add the house as an Asset.  I don't know how or where and haven't found a support article for how to enter it.  You either need to be in the Online Premium version or any desktop  program.

Hal_Al
Level 15

Can I deduct depreciation on my rental house?

In TurboTax, Enter at:

- Federal Taxes tab (Personal if using Home & Business download)

 - Wages & Income

Scroll down to

   -Rental Properties and Royalties - Click Start or Update

 

After entering your property info, you'll reach a screen titled "Review your (property address) Rental Summary"

Click Start (or Update) at Assets/Depreciation

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