This is my 1st year using TurboTax and I can't see how to list the duplex as a duplex on one Sch E but with two different entry into rental dates (one for each unit) for depreciation purposes. I know in TurboTax I can split the property and treat as two separate rentals with different entry dates/different Sch E forms, but that's not how my CPA has done it up to now - he called it a duplex, put it on one Sch E but listed two different entry into rental service dates for start of depreciation on each unit. I'm concerned about switching from one Sch E to two after 15 years of showing the duplex on one Sch E. Anyway please tell me the best way to enter the depreciation into TurboTax. thanks.
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You can still use one Schedule E to report both rentals, just as your CPA has been doing.
All your rental properties will be summarized onto one Schedule E.
You will have a Worksheet for each individual rental, though.
Here's more detailed info to help you:
https://ttlc.intuit.com/replies/6085015
You can still use one Schedule E to report both rentals, just as your CPA has been doing.
All your rental properties will be summarized onto one Schedule E.
You will have a Worksheet for each individual rental, though.
Here's more detailed info to help you:
https://ttlc.intuit.com/replies/6085015
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