Schedule E – Depletion
To see the depletion field in the Q&A for a rental property, you need to select non-active participant in the TaxAct program.
To reach the Rental Income – Depletion screen for Schedule E (if you need help accessing Schedule E, go to our Schedule E – Entering Rental Property in Program FAQ):
- From within your Schedule E, continue with the interview process until you reach the screen titled Rental and Royalty Income – Property Type.
- Click the Property type dropdown, and click the applicable property type.
- On the screen titled Rental Income – Passive Activity, click the checkbox next to Nonpassive activity.
- On the screen titled Complete your Schedule(s) E, click Edit next to the rental, and continue with the interview process until you reach the screen titled Rental and Royalty Income – Topics.
- Click Review next to Depreciation and Amortization, and continue with the interview process until you reach the screen titled Rental Income – Depletion.
- Continue with the interview process to enter your information.