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April 14, 2022
Question

Last year one of my rental assets was depreciated over a 15 year period at 200db. TurboTax is only allowing 150db. What do I do?

  • April 14, 2022
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1 reply

April 14, 2022

Fifteen year property is not allowed to be depreciated at the 200% declining balance method. The fifteen year property has always been depreciated under the 150% declining balance method.  Please see the chart below from IRS Publication 946 (page 36).

 

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