Where can I find my 2020 rental property depreciation schedule?

[treeleaves25]

I do not see it in my 2020 return

[Anonymous_]

There is no actual depreciation schedule as that document is typically formulated in the online versions.

There is, however, a Depreciation and Amortization Report in TurboTax which will show you the amount of accumulated depreciation and the amount calculated for the current tax year.

Also, a depreciation schedule is accessible through the Asset Entry Worksheet in the desktop editions of TurboTax.

[Carl]

First, save the tax return in PDF format and elect the option to save everything. Not just the forms for filing, and not just the forms for your records. Save everything.

In the saved PDF, there is an IRS Form 4562 that prints in portrait format. This form is generated only if there is a change on it, such as adding an asset, removing an asset, selling an asset, etc.

Then for each rental property there are two form 4562's and both print in landscape format. One is titled "Depreciation and Amortization Report" and the other is "Alternative Minimum Tax Depreciation Report".  The former is the one most commonly used, if your income doesn't put you in a bracket that would require AMT to be declared/paid.

On this form it shows the depreciation for each individually listed asset for the current tax year, as well as the total of all depreciation taken on each asset in past years.

If you are selling the property and reporting it in a section other than the Rental & Royalty Section (SCH E), then you have to add together the amounts in the Current Depr. column and the "Prior Years Depr." to get the total amount of depreciation taken that you are required to recapture in the tax year you sell the property.