rental depreciation - schd E wksht, column c & d - where is source of "reported in Schd E"??? Very low.

Forum|Forum|3 years ago
January 14, 2023
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I find that the Schd E worksheet line 18 depreciation column a is correct, but column c is very small, and does not even match the % of "rented" days. Does it have to do with the column d "vacation home loss limitation"?

Help! I can't find anything in IRS publications or Turbotax help.

Thanks!

Not A Product Question

Anonymous_

Employee

@bnbalison2 wrote:

Does it have to do with the column d "vacation home loss limitation"?

That is entirely possible as the depreciation deductions would abate before other, actual, expenses such as for repairs and maintenance.

bnbalison2Author

I was hoping for someone to tell me the source of the number. TurboTax usually gives the source link but this number appears magically from nowhere with Jo hint of how it’s calculated…..all I have is guesses which are not helpful Thanks