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January 2, 2020
Question

rental depreciation

  • January 2, 2020
  • 1 reply
  • 0 views

I am considering moving my tax prep from an accountant to TurboTax.  I rent out an apartment in my house and the apartment was renovated a few years back. Will TurboTax pick up any depreciation that my accountant has been calculating?

 

Thanks

    1 reply

    Employee
    January 2, 2020

    @prolewicz wrote:

    ....Will TurboTax pick up any depreciation that my accountant has been calculating?


    No, you will have to enter that information in the Rental Properties section of TurboTax which should not be overly burdensome or difficult provided you obtain all of the forms and worksheets from your accountant.