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Depreciation expense related to the rental property
i'm trying to add the depreciation expense in turbo tax for the rental property. Please help me on how to add this expenses in turbo tax.
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Depreciation expense related to the rental property
It must be entered in the ASSET section of the expenses.
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Depreciation expense related to the rental property
The program figures depreciation for you automatically. You have to enter the property, along with any other rental assets, in the assets/depreciation section. Then based on the data you enter, the program will automatically figure the correct amount of depreciation.