You'll need to sign in or create an account to connect with an expert.
For you 2019 taxes, did the depreciation for your rental property calculate automatically, i.e., were your rental property assets from 2018 shown in the Assets/Depreciation section for your rental property (without you having to add them again)?
If so, it could be that the prior year summary you are looking at didn't populate for 2018, but the information needed for 2019 taxes was properly transferred.
More than likely, you're looking at a summary. Waste of time in my opinion (and we all know what opinions are like). What matters here, is the IRS Form 4562 data. Look in the assets/depreciation section. THen pick an asset (I suggest the property itself) to edit, and work it through. On the "Confirm your prior depreciation" screen, you should see an amount greater that zero that shows the total of all depreciation taken over the years, up to your 2018 tax return. If it does, then you're good to go.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
obeteta
New Member
ccacioppo
Level 1
Sandy55
New Member
CMG414
New Member
frank1618
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.