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Level 2
July 20, 2025
Question

What should I do if I didn’t take depreciation on my rental property for 2024 taxes ?TurboTax online premium failed to calculate depreciation for my rental property.

  • July 20, 2025
  • 1 reply
  • 19 views
I've already filed my 2024 taxes which shows no depreciation taken on Line 18 of Schedule E. How do I fix this error ?

    1 reply

    M-MTax
    Level 15
    July 20, 2025

    Are you 100% certain you were entitled to a depreciation deduction for 2024? 

     

    If this is a vacation property with personal use, you may not be so entitled.

     

    If, in fact, you are entitled to a depreciation deduction for 2024 (only), you can file an amended 2024 return.