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Deductions & credits
@walkerkc2 wrote:
,,,,, 257926 divided by 27.5 year life S/L is 9379.14 depreciation for 2020. Turbotax depreciation deduction is 6644. Why?
The program is using the mid-month convention for depreciation so your property is treated as having been placed in service on April 15, 2020.
March 18, 2021
11:36 AM