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April 12, 2025
Question

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”?

  • April 12, 2025
  • 1 reply
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    1 reply

    April 12, 2025

    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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