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Employee
January 25, 2021
Question

With turbo tax 2020, how do I enter rental property asset depreciation?

  • January 25, 2021
  • 1 reply
  • 0 views

I want to confirm my rental property depreciation is being entered property on my tax return using turbo tax 2020. I am unable to find the same input where I was able to verify the rental property depreciation being entered under Assets as the new UI list doesn't seem to include the information carried over. Am I supposed to re-enter my property information (i.e. cost paid, land value, etc...) I am very confused because UI has changed. please help.

    1 reply

    Employee
    January 25, 2021

    There may be an issue with transferring depreciation from 2019 to 2020.

     

    The matter is currently under investigation.