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Do I need to file a Depreciation and Amortization Report associated with Schedule-E and Form 8582 for an income generating residential property with no changes in 2021?

I used to receive this report when I used accountants. My first use of TurboTax was last year, tax year 2020, My filing did not include any depreciation and amortization report - was that an error that needs amending? I don't see how to do it with TurboTax.
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ColeenD3
Expert Alumni

Do I need to file a Depreciation and Amortization Report associated with Schedule-E and Form 8582 for an income generating residential property with no changes in 2021?

In order to get the depreciation, you need to enter the asset and all the pertinent information about it. The rental sections include 

  • Set-up
  • Income
  • Expenses
  • Assets

 

You will need to amend your 2020 return to include it.

 

 

 

 

 

 

 

 

 

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