Question

How to change business use percentage in depreciation table

Forum|Forum|3 years ago
February 11, 2023
1 reply
0 views

I have a property that is 50% rental and 50% personal use in 2022. How do I change the business usage for depreciation to 50% from 100%. Turbotax would not allow me to change it in form 4562. Thank you.

TurboTax Business Windows

E

ErnieS0

Change the business use percentage in the Asset/Depreciation section to adjust your depreciation.

Go to your property and change the business percentage to 50% from 100%.

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B

bob130Author

Thank you

B

bob130Author

I will say, why does turbotax ask the number of rental and personal days. They don't incorporate the information into the tax calculations for either business expenses or depreciation.