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When I input info on rental property, go message that I'd get more info on depreciation when they have it

how do i include deprecation on rental property
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2 Replies

When I input info on rental property, go message that I'd get more info on depreciation when they have it

I have similar issue. The problem is more than calculating depreciation. It no longer provides fields to enter information (sale proceeds and date, purchase cost and date etc. relating to the sale of the property sold in 2025) to calculate the gain or loss on sale of the rental property. This function has been available for years in TURBOTAX PREMIER. Is it a temporary issue in need of update by TURBOTAX or what? Need reply from INTUIT immediately as I need to report it urgently.

MindyB
Employee Tax Expert

When I input info on rental property, go message that I'd get more info on depreciation when they have it

Forms 4562 attached to Schedule E are currently being updated.  Even though you are describing a sale that is reported on the 4797, this also impacts the 4562.

 

The software should be updated after 02/13/26, but our tech team is working hard to have those updates before that date. 

 

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