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August 6, 2024
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How come my rental depreciation for current year shows on line 17 at form 4562 instead of on line 19h?

  • August 6, 2024
  • 1 reply
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Hi tax expert, 

 

I entere rental property depreciation data at Sch E.  I reviewed form 4562 and noticed that the building depreciation data is on line 17 instead of on line 19h. 

 

Please advise how to move the data from line 17 to line 19h? 

 

I use TurboTax desktop version by the way. 

    Best answer by VolvoGirl

    My situation is :

     

    1. Line 17 did not show the histry data. 

    2. Current year data is supposed to show on line 19 h  but is shown on line 17. 

     

    I do not know how to fix the issues. Can anybody do the remote screen share help? 


    Oh you have the Desktop program?  Here are a couple screen shots

     

    1 reply

    Employee
    August 6, 2024

    When did you place the rental property into service? Did you enter that date?

    csdl2024Author
    August 6, 2024

    I put the the rental in service in year 2013. it is about 11 years ago. 

    August 6, 2024

    line 17 says depreciation for assets place in service before 2023. line 19 is for assets placed in service in the current year.