Question

Rental depreciaion

Forum|Forum|6 years ago
February 16, 2020
1 reply
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Year one of my rentalincome was 52% rental and depreciation was calculated as 52% The following years were rented 365 days but my turbotax appears to have carried over the 52% is this correct as i put in the rental days at 365

D

DeanM15

If you are renting your house 365 days a year, the depreciation should be the full amount. The full amount is the figure you put in for cost less the cost of the land divided by 27.5.

If this is not what the depreciation is showing, I would walk through the Property Profile section and the Asset/Depreciation section of the Rental section and see if you can catch an error.

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