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byroncg@sbcgloba
March 24, 2024
Question

I own 75% of a rental property. Turbo Tax will calculate 75% of expenses for my Schedule E, but does it calculate 75% of the depreciation as well?

  • March 24, 2024
  • 1 reply
  • 0 views
The depreciation shown on Schedule E appears to represent 100% of the property, not 75% ownership.

1 reply

PatriciaV
PatriciaV
Employee
March 24, 2024

When you enter the rental asset, enter only the acquisition cost that applies to the portion you own. TurboTax will not make that calculation for you as it does for rental expenses.

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byroncg@sbcglobaAuthor
March 27, 2024

Thanks for the explanation...that answers my question.  Much appreciated.

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