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sgr
New Member

depreciation expense or depletion

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)?

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5 Replies
PaulaM
Employee Tax Expert

depreciation expense or depletion

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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depreciation expense or depletion

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
Expert Alumni

depreciation expense or depletion

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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depreciation expense or depletion

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

DMarkM1
Expert Alumni

depreciation expense or depletion

So in the interview the depreciation calculates properly, but when you look at the form view line 18 is blank?  What is on the form 4562 line 22?  And the amounts that total into line 22 on the form 4562?     

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