Trying to depreciate new roof on rental home, but keeps coming up $0 depreciation

[m lynnette]

I am trying to depreciate new roof on rental home, but keep getting $0 depreciation

[KrisD15]

Did you enter the new roof as a new asset and entre a date when it was placed into service? 

That is entered under:

• Rental Property and Royalties
• Do you want to review? YES
• Continue to "Rental and Royalty Summary" screen
• Select EDIT for the property

You can go directly to the Assets/Depreciation section or go through Property Profile and then Assets

• If directly, select 
• "Assets/Depreciation" 
• "Do you want to go directly to your assets summary?"  YES
• Select "Add an Asset"
• Select "Rental Real Estate Property"
• Select "Residential Rental Real Estate"
• Describe as Roof on the address of the rental
• Enter the cost, no cost for land and the date it was placed into service
• Select "Show Details" on the "Asset Summary" screen for that asset to see the breakdown. 

If the roof cost was under a certain limit and you elected to use Section 179 deduction in lieu of depreciation, the summary will show zero depreciation since the cost was taken as a deduction. 

[JADinAZ]

Thank you KrisD15 - I am not the original poster but I was looking for this exact question and your answer was extremely helpful to me - especially since you added the example!  Note to self - always check the Community first!

[KrisD15]

That's what we're here for!

Thank you for using TurboTax.