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March 10, 2024
Question

How to calculate rental depreciation when create the mock federal return as married filing separately?

  • March 10, 2024
  • 1 reply
  • 0 views

We are filing as married filing jointly, but need to create a mock 1040 file for married filing separately to create state return (MFS).  TurboTax calculates the rent and expenses as 50/50 (from MFJ), but not the depreciation.  How do I manually calculate the depreciation? 

1 reply

March 14, 2024

Take a look at the return that you're filing and get the depreciation from schedule E and cut the depreciation in half.

 

@Totoro88 

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