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Updated over 10 years ago on . Most recent reply

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Kenny Boyd
  • Real Estate Investor
  • New Orleans, LA
0
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8
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Turbo tax / QB and depreciation

Kenny Boyd
  • Real Estate Investor
  • New Orleans, LA
Posted

For the BP crowd using Turbo Tax and QuickBooks, how do you keep track of real estate depreciation for investment properties?  Do you enter it manually or let TT do it?  Or other?

Thanks BP

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895
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Gita Faust
  • Accountant
  • Richboro - Philadelphia, PA
244
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895
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Gita Faust
  • Accountant
  • Richboro - Philadelphia, PA
Replied

If you know what the depreciation method :

Entering it using TT just make sure you have a running excel sheet to track the deductions. And then ofcourse you have to enter it in QuickBooks as well.

http://www.irs.gov/publications/p527/ch02.html

  • Gita Faust
  • Loading replies...