Depreciation is calculated using the Cost Basis of the Rental Property, and the date you started renting it. If you feel the Depreciation TurboTax has calculated for you on Schedule E is not correct, go back and check your rental property entry in the Assets/Depreciation section to be sure it is correct.
Here's more detailed information on Rental Depreciation to help you.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
