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M
mfitch0770
March 28, 2025
Question

I placed a rental home in service very early in 2016,each tax year the depreciation has been $8849. TT says it is only $5917...income from property is -3,300 in 2024

  • March 28, 2025
  • 1 reply
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Why is it not the full 8849 this tax year?

    1 reply

    T
    ThomasM125
    April 1, 2025

    It is possible you entered other assets such as land improvements that were fully depreciated this year or last, that would reduce your depreciation deduction going forward.

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