Question

Where do I report my rental property depreciation ?

Forum|Forum|5 years ago
March 5, 2021
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TurboTax Premier Online

Enter the rental assets to be depreciated in the Rental Summary screen. Scroll down to assets and depreciation.

For the full instructions to get to that section, see Where do I enter income and expenses from a rental property?

Depreciation (also called capitalization, cost recovery, or amortization) lets you deduct the "used up" portion of an asset's cost every year, until the asset no longer retains any value or has been sold, destroyed, or otherwise disposed of. The concept of depreciation is based on the notion that business/rental assets eventually wear out, get used up, or become obsolete.

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