Can't enter rental depreciation

Forum|Forum|1 year ago
April 4, 2025
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I own 2 rental properties. In last year's return, I noticed nothing showed up in Form E Line 18, which should be the annual depreciation amount for each property.

I've tried amending it, but the Rental Property Info section doesn't seem to allow it (or, I can't figure it out). The Expenses / Assets (Depreciation) section asks about Real estate taxes, Repairs, Cleaning/maintenance and Mortgage interest -- but not Depreciation. And there is no option in the Rental property info section to edit this.

One other note: The depreciation was showing up correctly in previous years -- so it has Cost Basis and the depreciation schedule info somewhere. I had used a CPA - not using Turbo Tax for two years and now this info seems to be gone.

Thanks in advance.

AmyC

Employee

You have to add the house as an asset before you can depreciate it. The program pictures and prompts have some variation so choose what is close to this.

Follow these steps:

Open to federal income
Select rental
Rental and Royalty summary
select the property and Edit
Summary of your rental shows
Locate the asset/ depreciation section
Edit/Update
$2500 of items or less, select no to get to the house and get it added. You can come back later and say yes.
Make improvements- select no for now. Again, you can come back later and say yes.
Select to add an asset
Enter the house as an asset
select add asset
Enter any other assets/ improvements
done