Skip to main content
February 17, 2021
Question

My depreciation for my rental will not show up in my rental property. if I click on edit ,I can see all my information but the amount will not show up on the first page?

  • February 17, 2021
  • 1 reply
  • 0 views
My depreciation totals will not transfer over to my schedule e

1 reply

February 17, 2021

If you are filing with TurboTax online, let's do these steps: 

  • Check your internet connection.  Try to log out and sign back in the program. 
  • Clear your cache and sign back into the program.  To clear cache, click here: Cache
  • You may also try a different browser.  
  • Then try again

Depreciation is a deduction taken over several years. You generally depreciate the cost of business property that has a useful life of more than a year, but gradually wears out, or loses its value due to wear and tear and weather damage.  To determine the depreciation on your rental property:

  1. Determine your cost or other tax basis for the property.
  2. Allocate that cost to the different types of property included in your rental (such as land, buildings, so on).
  3. Calculate depreciation for each property type based on the methods, rates and useful lives specified by the IRS.  To learn more, click here: Depreciation