I will just add another data point with respect to the depreciation deduction for the years in between the first and last year as well as the results of a test that was input into TurboTax Business.
With respect to residential real estate, the annual depreciation deduction (in between the first and last year) is 3.636% of the basis for depreciation. In this case, that is $144,310 x .03636 which equals $5247.12 and I got $5248 after I input that basis into TurboTax Business.
Thus, I am curious as to the derivation of the $5,427 (annual) figure as well as the $5,127 with TurboTax Business.
