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where on turbo are rental home depreciatiopn numbers

where do i enter rental home value to calculate depreciation
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MindyB
Employee Tax Expert

where on turbo are rental home depreciatiopn numbers

Here's how to report a rental home in order to expense depreciation in TurboTax Online:

 

  • Navigate to Federal > Wages & Income >Rentals, Royalties, and Farm > Rental Properties and Royalties (Sch E) > Start or revisit
  • Edit the business or create a new one
  • The interview will ask what expenses you had. ‌Indicate there are assets, and the property itself is considered a new rental property.
  •  In the list of income and expenses, choose the pencil icon next to "New rental property" to enter the cost basis and begin depreciating the asset.
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