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New Member
posted Feb 28, 2021 3:43:23 AM

Unable to find in turbotax the rental property depreciation section

0 4 517
4 Replies
Expert Alumni
Feb 28, 2021 7:14:52 AM

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.

 

New Member
Feb 28, 2021 8:32:37 AM

Yes I have added it but unable to find depreciation section

Level 15
Feb 28, 2021 8:48:41 AM

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

 

New Member
Feb 28, 2021 6:27:22 PM

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.