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LM1
New Member

Where do I add the depreciation of a rental property into my tax return?

 
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Where do I add the depreciation of a rental property into my tax return?

The rental property has to be entered as an Asset before it can be depreciated.  Once entered the program will properly depreciate the rental.

See this TurboTax support FAQ for entering rental property income, expenses and assets - https://ttlc.intuit.com/questions/1894483-where-do-i-enter-income-and-expenses-from-a-rental-propert...

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Where do I add the depreciation of a rental property into my tax return?

The rental property has to be entered as an Asset before it can be depreciated.  Once entered the program will properly depreciate the rental.

See this TurboTax support FAQ for entering rental property income, expenses and assets - https://ttlc.intuit.com/questions/1894483-where-do-i-enter-income-and-expenses-from-a-rental-propert...

LM1
New Member

Where do I add the depreciation of a rental property into my tax return?

I do not see how to enter the asset as the apartment itself - it seems to only allow for things that belong to the building not the building itself.

Where do I add the depreciation of a rental property into my tax return?

From the Rental Summary screen, after you click on the Start button for Assets/Depreciation, on the screen that states " Describe This Asset" select "Rental Real Estate Property" and continue.  On the following screen "Tell Us a Little More About Your Rental Asset" select "Residential Rental Real Estate" and continue.

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