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March 27, 2025
Question

I own a rental property in Ellensburg Washington for the last 5 years. Under rental property tab, there is no place to enter rental property depreciation. Help please

  • March 27, 2025
  • 1 reply
  • 0 views
I guess this is a "how to" question

    1 reply

    AmyC
    Employee
    March 27, 2025

    Follow these steps:

    1. Open to federal income
    2. Select rental
    3. Rental and Royalty summary
    4. select the property and Edit
    5. Summary of your rental shows
    6. Locate the asset/ depreciation section
    7. Edit/Update
    8. $2500 of items or less, select  no to get to the house and get it added. You can come back later and say yes.
    9. Make improvements- select no for now. Again, you can come back later and say yes.
    10. Select to add an asset
    11. Enter the house as an asset
    12. select add asset
    13. Enter any other assets/ improvements
    14. done

     

     

     

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