https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-am-looking-for-the-method-for-depreciating-a-rental-property-where-can-i-find-the-method-used/01/2053578#M66670 What is the depreciation schedule for rental property? Tue, 09 Mar 2021 20:53:55 GMT Vardb3 2021-03-09T20:53:55Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-am-looking-for-the-method-for-depreciating-a-rental-property-where-can-i-find-the-method-used/01/2053578#M66670 What is the depreciation schedule for rental property? Tue, 09 Mar 2021 20:53:55 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-am-looking-for-the-method-for-depreciating-a-rental-property-where-can-i-find-the-method-used/01/2053578#M66670 Vardb3 2021-03-09T20:53:55Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-am-looking-for-the-method-for-depreciating-a-rental-property-where-can-i-find-the-method-u/01/2053889#M66676 <P>You would enter your property under assets in the Rental section of the program. The building is depreciated over 27.5 years.<IMG src="https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/8dd7a65c-4ebc-423d-b3b7-c253402230b0.default.PNG" style="height:404px; width:374px" /></P> Tue, 09 Mar 2021 21:43:48 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-am-looking-for-the-method-for-depreciating-a-rental-property-where-can-i-find-the-method-u/01/2053889#M66676 ColeenD3 2021-03-09T21:43:48Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-am-looking-for-the-method-for-depreciating-a-rental-property-where-can-i-find-the-method-used/01/2054390#M66689 <P>IRS Publication 946 at <A href="https://www.irs.gov/pub/irs-prior/p946--2019.pdf" target="_blank">https://www.irs.gov/pub/irs-prior/p946--2019.pdf</A> covers all the methods and conventions used to depreciate property. Typically, residential rental real estate that is located in the United States is depreciated over 27.5 years, using the mid-month convention, straight line depreciation method as shown in table A-6 on page 72 of that publication. The TurboTax program uses this automatically, by default for residential rental property located in the United States.</P> Tue, 09 Mar 2021 22:51:31 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-am-looking-for-the-method-for-depreciating-a-rental-property-where-can-i-find-the-method-used/01/2054390#M66689 Carl 2021-03-09T22:51:31Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-am-looking-for-the-method-for-depreciating-a-rental-property-where-can-i-find-the-method-used/01/2054835#M66716 <P>Question answered - thank you all.</P> Tue, 09 Mar 2021 23:59:47 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-am-looking-for-the-method-for-depreciating-a-rental-property-where-can-i-find-the-method-used/01/2054835#M66716 Vardb3 2021-03-09T23:59:47Z