TurboTax also uses MACRS 200% double declining balance. The real estate is depreciated using straight line over 27.5 years under MACRS though.
What might be happening is that you are including the land in the cost of the property, which it should not be, since it is not depreciable. Also, you need to make sure you enter the correct date the property was first put into service, as the depreciation in the first year will be less than a full year unless put into service in the first month of the tax year.
You can do an easy calculation to determine what the yearly and accumulated depreciation should be on real estate, as you just divide the cost by 27.5 and that is the yearly depreciation, so multiply that by the number of years the property is in service to get the accumulated depreciation.
Also, commercial property is written off over 39 years, not 27.5.
Further, it is possible that accelerated depreciation was taken on some assets, like section 179 or bonus depreciation, that would result in a large portion of asset cost being written off in the year the property was put into service.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
