How can I edit schedule E Line 18? i am trying to change the allowable rental depreciation

Forum|Forum|1 year ago
March 25, 2025
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JamesG1

To edit depreciation expense on Schedule E, you would access the depreciable assets within the rental activity on Schedule E Supplemental Income and Loss.

At the screen Your Property Assets, select Edit to the right of the asset to be reviewed.

What is the nature of the change to be made?

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rjcmbstxsAuthor

morning. when i bring up that form and try to change the value it does not allow me to change the depreciation value on line 18. when i created the asset (rental house), the program automatically assigned a depreciation number.

DavidD66

The program didn't assign a depreciation value, it calculated a depreciation value based on the information you entered when you created the asset. You can't change the amount of depreciation. If you make changes to the asset (e.g. enter a different cost basis or change the asset type) it will change the depreciation calculation, but it will also recalculate the accumulated depreciation expense. If 2024 was the first year the rental property was in service, making changes isn't a big deal. If it was placed in service prior to 2024 it's not a good idea to make changes.

Why do you want to change the amount of depreciation expense?

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