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February 10, 2023

To enter, edit or delete information to generate rental property depreciation in TurboTax Online:

  1. If you don’t see 2022 TAXES in the left pane, select the dropdown to the right of Income & Expenses on the Hi, let’s keep working on your taxes! page and then select Let’s get startedPick up where you left off, or Review/Edit
    • Otherwise, in the left pane, select Federal, then Wages & Income (This is labelled Income & Expenses in TurboTax Self-Employed)
  2. Scroll down and select the Show more dropdown to the right of Rentals, Royalties, and Farm
  3. Select  Start or Revisit to the right of Rental Properties and Royalties (Sch E)
  4. Answer  Yes on the Did you have any income from rentals or royalties? Page
  5. Enter all income and go through subsequent screens until you come to the Here's [your] rental property info
  6. At the bottom of the page, select Enter or Edit to the right of Rental property
  7. On the  Your Property Assets page, select Add an Asset
  8. This will allow you to enter property information and, on this basis, generate your depreciation