Hello,
I bought a property [SFH] in TX in 2024, under 400k.
I am using the Turbotax Premium software, I see it used SL as depreciation method and MM as the MACRS convention and I see lower than expected depreciation [seeing around 8k] when is much lower than I expected. Was expecting around 11k, based the following article: https://turbotax.intuit.com/tax-tips/rental-property/tax-deductions-for-rental-property-depreciation...
Please clarify.
thanks !
