I'm working on a trust return using TT Business. The trust acquired a residential rental property in August 2018. I entered this as an Asset under Schedule E.
Type of asset I, basis $1.2M, land $44k.
TT Business selected MACRS R SL MM, and came up with $7060 in depreciation.
But manually I come up with $15,768 based on using 1.364% for August from:
https://www.investopedia.com/articles/investing/060815/how-rental-property-depreciation-works.asp
What accounts for this difference?
