Question

Why is my rental property depreciation deduction showing up as zero? Shouldn't it be the same as last year?

Forum|Forum|7 years ago
June 6, 2019
2 replies
0 views

Last year my depreciation deduction was $5,900. It is the same this year but it's showing up as zero at the final summery section. How come?

TurboTax Deluxe Windows

T

TaxGuyBill

Employee

Ignore the summary screens, as they can be quirky. Look at Line 18 of Schedule E to look at any depreciation that was claimed.

F

FaithY

Employee

Your depreciation deduction will show up as zero this year if your asset has already been fully depreciated. I suggest reviewing your depreciation schedule to see if your asset was fully depreciated when you filed last years return.

T

taxsemipro

I just purchased a new rental house in October of 2021 and keyed in the purchase price and improvements. I also noted that the property was available for rent approximately 80 days in 2021. However, I'm not seeing any depreciation for this property being populated in schedule ez?