Schedule E: Matching Depreciation of Assets with Ownership Percentage

By default, TurboTax calculates the depreciation of your Schedule E assets at 100%.

If you own less than 100% of your business and would like your assets to match your percentage of ownership, follow these simple steps.

Here's how to get to the Schedule E screens in the TurboTax Online:

1. Select the Tools button in the upper right-hand portion of the screen. 
2. Select Topic Search. 
3. When the window opens, type "sch e" into the box, select the Schedule E item, and then select GO. 
    

Here's how to get to the Schedule E screens in the TurboTax desktop or CD/download version:

1. Enter your cursor into the search box in the upper right-hand portion of the screen. 
2. Type "sch e" into the box, click on the Schedule E item.

Continue through the program until you are prompted to enter the business use of your assets.
Adjust this amount to match the percentage of your ownership.