Schedule E - Depletion
1

To see the depletion field in the Q&A for a rental property, you will need to indicate a non-active participant within the return.

To reach the Rental Income - Depletion screen:

  1. From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click in the upper left-hand corner, then click Federal.
  2. Click Rent or Royalty Income in the Federal Quick Q&A Topics menu to expand, then click Real estate rental income.
  3. Click + Add Schedule E, Pg 1 to create a new copy of the form or click Edit to review a form already created.
  4. Continue with the interview process to enter all of the appropriate information.
  5. On the screen titled Rental and Royalty Income - Property Type, select from the Property type drop-down, then click Continue.
  6. On the screen titled Rental Income - Passive Activity, check Nonpassive activity, then click Continue.
  7. On the screen titled Complete your Schedule(s) E, click Edit to review the rental, then continue until you reach the screen titled Rental and Royalty Income - Topics.
  8. Click Review on the "Depreciation and Amortization" row, then continue until you reach the screen titled Rental Income - Depletion.