topic Depreciation for rental property - tax return for 2020 in Get your taxes done using TurboTax

Depreciation for rental property - tax return for 2020

pearl12970 — Tue, 24 Feb 2026 07:41:11 GMT

I am currently filing my tax return for 2020 and need help to figure out how to enter depreciation for the rental property. My tax returns for 2018 and 2019 show the same amount in Schedule E but Turbo Tax didn't automatically prompt me to enter the depreciation amount for my 2020 tax return. How do I enter this amount for Schedule E? I am currently using Turbo Tax Premier which has a section for Assets/ Depreciation but it asks me to enter the initial amount, which I assume it will use to calculate depreciation. Is this the only way for me to enter the depreciation amount?

Re: Depreciation for rental property - tax return for 2020

Anonymous_ — Wed, 18 Oct 2023 00:25:21 GMT

Your depreciation, as well as other information about the rental, should have transferred in to your 2020 return (from your 2019 return).

If it did not, you can get the accumulated depreciation figure from the Depreciation and Amortization Report in your 2019 return package.

Re: Depreciation for rental property - tax return for 2020

fanfare — Wed, 18 Oct 2023 02:18:22 GMT

your 2020 depreciation should be the same as 2019 since the property was in service for an entire calendar year in both years.

@pearl12970