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March 7, 2021
Question

Where do I enter rental home depreciation?

  • March 7, 2021
  • 1 reply
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Where do I add depreciation on my rental property?

1 reply

Critter-3
March 7, 2021

To enter your rental:

  1. In TurboTax, search for rentals and select the Jump to link at the top of the search results.
  2. Answer Yes to the question Did you have any rental or royalty income and expenses in 2020  for property you own?
  3. Follow the on-screen instructions as you proceed through the rental and royalties section.
    • We'll ask you to enter general information about your rental (like description, address, and ownership percentage).
    • Eventually, you'll come to the Rental Summary screen, which is where you enter your rental income and expenses, assets and depreciation, and vehicle expenses.