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MG6
New Member

Unable to find in turbotax the rental property depreciation section

 
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4 Replies
ColeenD3
Expert Alumni

Unable to find in turbotax the rental property depreciation section

You can find it at the very end of the rental section. You will be asked to set up your property, then add income, then expenses. You building is an asset.

 

MG6
New Member

Unable to find in turbotax the rental property depreciation section

Yes I have added it but unable to find depreciation section

Carl
Level 15

Unable to find in turbotax the rental property depreciation section

The Assets/Depreciation section *is* the depreciation section - as the very name of that section implies.

 

MG6
New Member

Unable to find in turbotax the rental property depreciation section

I see this --> Expenses/Assets (Depreciation). However under that I can see only following sections: Real estate taxes, Repairs, CLeaning/Maintenance, Mortgage interest, Management fees. I do not see Depreciation explicitly which should approx. 3.375% in state of NC.

 

 

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