Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
P
PeehPooh17
April 18, 2025
Question

Depreciation for rental

  • April 18, 2025
  • 1 reply
  • 0 views

I did not see a line item for deprecation in Turbo Tax in the Depreciation and Expense section (where mileage, repairs, utility expenses, etc. are entered). I added the deprecation under miscellaneous and labeled it Deprecation. Is this correct? 

    1 reply

    A
    AnnetteB6
    April 18, 2025

    No, depreciation should not be entered in the miscellaneous expense section.  

     

    Depreciation is entered through the section described as Assets.  This is where you enter any assets being depreciated so that the current year depreciation can be calculated and reported on the correct form.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    P
    PeehPooh17Author
    April 18, 2025

    Thanks. I did not see the asset section for Deprecation. Hopefully they can correct it when reviewed as I already submitted. 

    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification