when will depreciation for rental properties be available for calculation?

btcaskey — Sat, 07 Feb 2026 13:59:41 GMT

Re: when will depreciation for rental properties be available for calculation?

MindyB — Sat, 07 Feb 2026 14:01:24 GMT

Forms 4562 attached to Schedule E are currently being updated.

The software should be updated after 02/13/26, but our tech team is working hard to have those updates before that date.

Here, you can sign up for an e-mail to stay current on the updates: Sign up for email notification

Re: when will depreciation for rental properties be available for calculation?

joecheung58 — Sat, 07 Feb 2026 19:54:41 GMT

The problem is more than calculating depreciation: it no longer provides questions and fields for me to enter information (e.g. sale proceeds and dates, etc.) related to the sale of my rental property sold in 2025 to calculate the gain or loss on sale so as to produce the Forms 4797 and the related disposition reports.

I need to report the sale urgently.

Please INTUIT should restore this function sooner!

Re: when will depreciation for rental properties be available for calculation?

DianeW777 — Sun, 08 Feb 2026 00:49:13 GMT

They will open up as soon as the release is complete. In the meantime you can use the information provided in your other post and added here for your convenience to get prepared for the sales entry. Be sure you signup for notification.

First I will place an example of how you prorate the selling price to each of the assets including the land.

For any asset, such as appliances, that really have no value because they are past the recovery period of five years you can use a zero.

Use the original cost of each asset listed on depreciation, add those together then divide each one by the combined total to find the percentage of the cost for each asset. Use that percentage times the sales price and sales expenses to find the selling price/sales expenses for each asset. If you want you can check the allocation of building and land in your county real estate tax office, on file now.

Example: Original Cost (of each asset on your depreciation schedule)

$10,000 Land = 13.33%

$50,000 House = 66.67%

$15,000 Improvements = 20%

$75,000 Total = 100%

Multiply each percentage times the sales price/sales expenses to arrive at each individual sales price/sales expense.

Passive Activity Loss Entry if applicable:

Assuming your passive losses were carried over each year, this will be a separate and identifiable entry which will carry to the Schedule E. The full remainder of passive loss carryover is used in the year of sale as an expense. This is combined with your overall rental gain or loss to your Form 1040.

When you are on the screen 'Do any of these situations apply to this property?' (Property Profile section), be sure to check the box under Carryovers.

See my notes below on entering the sales price/expenses for each asset inside the rental activity.

You need to dispose of the property by telling TurboTax how and when it was disposed of. Follow the instructions below.

Click on Search (upper right) > type schedule e > Enter > click Jump to .... link
Answer the questions and on under Rent and Royalty Summary, click Edit
Click Update to the right of Assets/Depreciation.
Do you want to go directly to your asset summary?, click Yes and Continue
Click Edit to the right of each asset to be disposed of
Go through several screens until you get to Tell Us More About This Rental Asset
Click on This item was sold……. And continue to answer the questions

You might also review information here for more details.

@joecheung58

topic when will depreciation for rental properties be available for calculation? in Investors & landlords

when will depreciation for rental properties be available for calculation?

Re: when will depreciation for rental properties be available for calculation?

Re: when will depreciation for rental properties be available for calculation?

Re: when will depreciation for rental properties be available for calculation?