davetodd11
Level 5
03-22-2024
12:28 PM
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Your situation is a little different than mine, because the grantor on the return I do is still alive and the rental property ownership is split between the grantor personally and their trust. All income and expenses go onto the Schedule E - including depreciation. For me, that's typically one of, if not the, biggest expense items, so I'm not sure why someone would leave that off the schedule.