IRS Pub587 for year 2022 says 12 month of business use of home deprecation percentage is 2.461%. But Turbo Tax automatically filled in with 2.5641% for me in Form 8829 line 41. I am confused, where does Turbo tax get this information from?
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@blueskyus0 wrote:
IRS Pub587 for year 2022 says 12 month of business use of home deprecation percentage is 2.461%.
The percentage in the Publication presumes 2022 was the first year the home was used for business.
If business use began in an earlier year, the percentage would be higher.
@blueskyus0 wrote:
IRS Pub587 for year 2022 says 12 month of business use of home deprecation percentage is 2.461%.
The percentage in the Publication presumes 2022 was the first year the home was used for business.
If business use began in an earlier year, the percentage would be higher.
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