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dli804
New Member

Rental property depreciation not showing up

I entered all the details and cost for the property but don't see the depreciation expense. It is the first year of purchase.
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2 Replies

Rental property depreciation not showing up

I was expecting a tax loss from the depreciation expense and it is not showing up
view2
New Member

Rental property depreciation not showing up

Review your asset data entry.

federal taxes/ wages & income/ 

"I'll chose what I Work on.".

continue through to

your rental summary

Property Profile

rental income 

expenses 

.assets <---------<<<<< here click update

then

At the property asset summary screen for your property; click add an asset..Answer question to set up properly in the tax program

X rental  real estate property

X residential rental  real estate

you now have a 27.5 year

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