I have other rentals from TurboTax 2018 that I ported over to TurboTax 2019. Their depreciation amounts are correctly displayed on each property's summary page.
I added one more rental for 2019 and I cannot get the Depreciation Amount to register on the new rental property's summary page. It is showing $0 even though the Asset summary shows a Depreciation Amount.
I have triple checked the dates for asset acquired vs asset placed into service.
Screenshots of the problem are below.
Depreciation Amount is showing up correctly in Asset Summary as shown below.
After clicking Done. The Depreciation Amount is still missing in the Summary Page below.
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OK ... that is where you made your ERROR ... once the property was CONVERTED to a rental you did NOT use it personally any longer ... READ that screen again ... it told you to NOT enter any personal days ... go slow and read all the words on all the screens if this is something new to you ....
Did you convert this property from personal use to rental ?
Was this a vacation home where you use it personally some time ?
Did you enter ANY personal use days in the info section ?
Did you convert this property from personal use to rental ? YES
Was this a vacation home where you use it personally some time ? YES Personal until 7/1/2019.
Did you enter ANY personal use days in the info section ? YES
181 Days-Personal
184 Days-Business
OK ... that is where you made your ERROR ... once the property was CONVERTED to a rental you did NOT use it personally any longer ... READ that screen again ... it told you to NOT enter any personal days ... go slow and read all the words on all the screens if this is something new to you ....
yep ... not reading that screen is the error 99.9% of the time ... read on 😉
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