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handp44
Returning Member

Turbo tax desktop premier is not adding depreciation Schedule E line18 when property is not 100% owned.

I bought Rental Property in 2025 with my Son(I am using 50%-50% for ownership calcuations)  and it is rented since May,2025. I use Premier version and went through Rental Property Workesheets/Questions. 

 

There seems to be problem with turbo tax software. If property is not 100% owned then depreciation calculation is not working and line18 stays empty. No questions are asked about the property. It directly jumps to summary. 

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5 Replies
maglib
Level 11

Turbo tax desktop premier is not adding depreciation Schedule E line18 when property is not 100% owned.

@handp44  did you possibly elect to Section 179 expense the assets purchased during the interview?  If so you would have to add them as expenses. Did you indicate the assets were placed in service during 2025?  Personal-use assets (e.g., home, car) cannot be depreciated or claimed for capital losses, unlike business or rental property so did you indicate personal usage at all or was it 100% 3rd party rental?  Please go back over your interview for the assets as Premier does handle Schedule E.  It will also handle 50/50 where you MUST tell TT if you want them to allocate or you just enter your portion.  

**I don't work for TT. Just trying to help. All the best.
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handp44
Returning Member

Turbo tax desktop premier is not adding depreciation Schedule E line18 when property is not 100% owned.

I didn't see question on section 179 when I started entering Rental Property Info. Thats the first thing it asked for "Rental Properties and Royalties" in income section.  

In the questions, As soon as you start section after entering address:
Type of Property : Single Family Home

Year first rented: 2025

Days Rented: 245 ( Personal Use: 0)

Ownership : Now comes interesting part

Trry1:

    - select 50% and let TT handle calculation. 

    - No to 1099-NEC

    - Enter Rental Info my self (not from Quicken or Quickbooks) 

    - Property not in disaster area.

    - After that software just jumps back on the summary page. 

    - ( No Question on Tell Us About the Property) 

 

Try2:

  - select 100% and let TT handle calculation. 

  - Questions are same until Property Disaster area. 

  - Starts Asking me question about the Property .. Purchase Price etc. 

 

With Try1, there were no question at all about the Property at all. and Try2 took me all the way to Land Value and Depreciation questions ( Which were not asked with Try1 at all) I did both try without changing anything else in the return and also with adding them as different properties. 

 

 

maglib
Level 11

Turbo tax desktop premier is not adding depreciation Schedule E line18 when property is not 100% owned.

Try changing days rented to 365 yet income will only be for the 245 you stated.  What version of TT are you using, desktop or online?  

  • Try running Turbotax as Administrator if using desktop
  • CHECK INTERNET/BROWSER: Clear cache/cookies, or try a different browser.
  • All TT files must be on your C: drive, not on thumb drives. 
  • Check Form Errors: Go to Forms Mode in TurboTax Desktop and check for red exclamation points, which indicate incomplete information.
  • RUN SMARTCHECK
  • Disable Security Software: Temporarily turn off antivirus software (e.g., Norton) and VPNs, then try updating/filing again. Even if TurboTax says it is up to date, disabling security software and relaunching can sometimes trigger a necessary, overlooked update.  If you know how to just allow a program through your antivirus, you can look at programs recently blocked and just allow them through, often an issue with security software. Manual Update: Within TurboTax, go to the "Online" menu and select "Check for Updates". This should be done after you disable the antivirus, as the antivirus may be blocking the updates erroneously.
  • Reinstall: If the above fails, uninstall TurboTax and reinstall it using your download from the official TurboTax account.
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer"
I am NOT an expert and you should confirm with a tax expert.
handp44
Returning Member

Turbo tax desktop premier is not adding depreciation Schedule E line18 when property is not 100% owned.

Thanks @maglib  but No luck.

 

I am will do depreciation calculation based on the 50% of the property value separately and handle the split manually. 

maglib
Level 11

Turbo tax desktop premier is not adding depreciation Schedule E line18 when property is not 100% owned.

@handp44  Yes I just enter my cost not total. There are some expenses that are just mine so why entering my piece is easiest. Especially when it comes to mileage.
Another notes, quicker depreciation allowed is not good when running at a loss as you normally cant use losses.  
section 199A is also normally  something you font want to claim if losses. 

**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer"
I am NOT an expert and you should confirm with a tax expert.

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