Hi MikeSF-
I'm a retired long-time landlord, "Now In Recovery." I carried a lot of rental property for a long time and have been a TurboTax user since 2008. I see your frustration point here for the depreciation calculation. I also see YOUR manual number is incorrect. My manual number is the same as tagteam's reply at $22,431.02.
But there may be something at TT is doing and including that is rendering $28,430. If you haven't filed yet, open up the worksheets for this property (there is a different worksheet for each property) and see if there is something being calculated/carried over that you're not seeing. Be very careful doing manual overrides. In my experience, TT usually knows better. I never messed with TT's depreciation calculations and filed as calculated and (knock on wood) never had a problem. TT is guaranteeing their numbers, so if you manually change their calculation, you could negate their guarantee. But do as you feel is best and as the lawyers say, "Be guided accordingly."
