Skip to main content
June 6, 2019
Solved

Can I figure depreciation on a rental home & how is it done?

  • June 6, 2019
  • 1 reply
  • 0 views

How do I figure depreciation for a rental home?

Best answer by DoninGA

You enter the rental property as an Asset in the Rentals and Royalties section of the program.  The software will calculate the depreciation for you.

See this TurboTax support FAQ for rentals - https://ttlc.intuit.com/questions/1894483-where-do-i-enter-income-and-expenses-from-a-rental-propert...

See this TurboTax support FAQ for assets and expenses - https://ttlc.intuit.com/questions/2569432-what-is-rental-depreciation-and-how-does-it-differ-from-an...

See this TurboTax support FAQ for capital improvements and depreciation - https://ttlc.intuit.com/questions/2900280-how-do-i-handle-capital-improvements-and-depreciation-for-...

1 reply

DoninGA
DoninGAAnswer
Employee
June 6, 2019

You enter the rental property as an Asset in the Rentals and Royalties section of the program.  The software will calculate the depreciation for you.

See this TurboTax support FAQ for rentals - https://ttlc.intuit.com/questions/1894483-where-do-i-enter-income-and-expenses-from-a-rental-propert...

See this TurboTax support FAQ for assets and expenses - https://ttlc.intuit.com/questions/2569432-what-is-rental-depreciation-and-how-does-it-differ-from-an...

See this TurboTax support FAQ for capital improvements and depreciation - https://ttlc.intuit.com/questions/2900280-how-do-i-handle-capital-improvements-and-depreciation-for-...