Schedule E - Entering Depreciation in Program
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The following steps will enable you to enter or review rental property related depreciation information to populate IRS Form 4562 Depreciation and Amortization (Including Information on Listed Property) for Federal Schedule E (Form 1040) Supplemental Income and Loss.

To enter or review rental property related depreciation information (if you need help accessing Schedule E, go to our Schedule E - Entering Rental Property in Program FAQ):

  1. From within your Schedule E, continue with the interview process until you reach the screen titled Rental and Royalty Income - Property Type, click the dropdown below Property type, and click 8 Other (describe).
  2. On the screen titled Rental Income - Property Type Description, click the data entry field below Other type description, and type "Rental Income".
  3. On the screen titled Rental Income - Depreciation, click Yes.
  4. Continue with the interview process to enter your information.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the webpage or document at the time it is accessed.