Rental property had depreciation last year, but turbo tax gives a number for dep this year that is incorrect — so how do I edit that when the only button I get is “Done”?
Rental property had depreciation last year, but turbo tax gives a number for dep this year that is incorrect — so how do I edit that when the only button I get is “Done”?
Please review the chart for residential rental property below. Do not use the cost less the land when you test it. I have not experienced an incorrect depreciation figure for rental property and the rate/recovery period has not changed in many years.
If you do happen to have foreign property outside the US, the chart for that property is here also.
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