pk
Level 15
Level 15

Get your taxes done using TurboTax

@garyt22 ,   my conclusion  ( and corroborating responses from @Carl  and @tagteam  )  is that   (a) you need to  have used the real date when the property was put in service ( not when your LLC --holding company came into existence ) ;  (b) TurboTaxes computation is correct  assuming either date ;  (c) you need to  check to see what was the real prior depreciation --  it should be the sum of allowable in 2015, 2016 and 2017.   Then I think you will find that the figures will come much closer..  I am assuming here that all the properties you are talking about are indeed residential  property  depreciated at 27.5 years and not business / commercial property  depreciated over 39.5 years.  Yes ?