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Returning Member
posted May 2, 2021 6:35:44 PM

How to input rental depreciation in Turbo tax

Hi, I  just switched from H&R block to Turbo Tax Premier Edition this year, not sure if this is the place to ask questions.   I can not transfer last year tax info into turbo tax, started everything from scratch, I got stuck and don't know how to input ( generate ) a $11459 straight line method  building depreciation expense that I've been taking each year since 2014 on my Rental Property, are there way to easily input $11459 depreciation expense on form 4562 and Schedule E, the turbo tax section on building depreciation is very confusing to me.

Are there help from Turbo Tax support I need to contact? or someone can help?

Thanks in advance!  

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1 Replies
Level 2
Mar 24, 2024 10:30:49 AM

Hi Ben,

 

Did you figure it out? 

 

I am facing similar situation. Been using a CPA for years who has this depreciation setup already. Now needs to figure out how to setup depreciation in TurboTax.

 

Would appreciate if you can share your approach.

 

Regards,

ZQI