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I am trying to add asset for depreciating a washer at my rental property.Turbo Tax allows me to enter it but it gives me 0 depreciation?

I have tried entering it as an other expense but that doesn't increase my refund
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1 Best answer

Accepted Solutions
ColeenD3
Expert Alumni

I am trying to add asset for depreciating a washer at my rental property.Turbo Tax allows me to enter it but it gives me 0 depreciation?

Did you take a Section 179 expense or elect the De Minimus Safe Harbor? The first would put the asset in a separate section on Form 4562 and the second would take it as an expense.

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2 Replies
ColeenD3
Expert Alumni

I am trying to add asset for depreciating a washer at my rental property.Turbo Tax allows me to enter it but it gives me 0 depreciation?

Did you take a Section 179 expense or elect the De Minimus Safe Harbor? The first would put the asset in a separate section on Form 4562 and the second would take it as an expense.

I am trying to add asset for depreciating a washer at my rental property.Turbo Tax allows me to enter it but it gives me 0 depreciation?

Thank you greatly that was it.

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