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re: Could you help me understand taxes and my rental property?
Posted on 3/11/16 at 10:32 pm to AUjim
Posted on 3/11/16 at 10:32 pm to AUjim
quote:
. The first year, you have to run through and set up the depreciation schedule. In subsequent years the depreciation should be automatically included AS LONG AS YOU KEEP USING TURBOTAX.
I know with the HR Block website, I usually had to input the depreciation info each year as though it were new info. Go through your steps again & make sure you didn't miss it. I nearly missed it one year and was panicking til I figured out what I'd done wrong.
As another person suggested, look at the Schedule E it generates to see what's going on.
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