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April 15, 2023
Question

Rental Property Depreciation

  • April 15, 2023
  • 1 reply
  • 0 views

Turbotax did not in 2021 tax year and is still not in 2022 tax year figuring my depreciation on my rental properties. 

How do i fix it?

and can i just enter it myself?

    1 reply

    April 15, 2023

    then you have not entered certain info correctly. any manual entry for depreciation would require you to mail the return. and if you did not take depreciation in 2021 you need to amend it.  when you are in the rental section you have to enter a lot of info days rented, days personal use, then in the asset entry section that info. leave out a required item and no depreciation is computed but that should have been flagged in 2021 when you went through the review of your return.