depreciation expense or depletion

Forum|Forum|7 years ago
April 1, 2019
2 replies
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why doesn't depreciation appear on line 18 appear on schedule E after i fill out the worksheet on my rental property (it does in previous years)?

TurboTax Online

PaulaM

Alumni - Expert

Check the asset section of the property. If nothing is listed there, there won't be anything to carry over to line 18.

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Chung11358

Level 4

We have the rental house own by 4 people and the CPA did their depreciation expense divide by 4 separate but the Turbo tax can not divide for 4 each of them get 25% depreciation. What should I do the schedule of line 18 depreciation can not slip up for 4 taxes.

DMarkM1

Level 15

When you enter data in the asset section, enter in your share of the cost of the rental house for cost basis. That will then calculate the depreciation for your costs.

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Chung11358

Level 4

Yes, I enter the share 50% cost basis. but all the expenses do calculate the depreciation for the costs. The only thing line 18 Depreciation expense tap do not calculate the costs.

What should I do the line 18 depreciation expense is not calculated 50% for each.

Thanks Mark