topic Entering rental home depreciation in Get your taxes done using TurboTax

Entering rental home depreciation

lbrackett — Thu, 31 Jan 2019 19:03:58 GMT

Where on the 2018 Turbo Tax form do I enter the depreciation for my rental home?

Would it be on the screen that reads "Your Property Assets?" This is confusing to me, as the property, itself, is the asset, correct?

Thank you for your help!

Re: Entering rental home depreciation

PaulaM — Fri, 01 Feb 2019 16:33:28 GMT

At the beginning of the rental section, TurboTax will ask you about the property's cost, land value etc. When you enter data in this section, the program will calculate the depreciation and transfer to the asset section for you.

Re: Entering rental home depreciation

PaulaM — Fri, 01 Feb 2019 16:34:21 GMT