How do I get Turbotax to calculate the correct depreciation for my vacation rental property that has a different business use percentage each year? It seems to be doing it incorrectly. For example, if my total depreciable cost basis for the condo itself was $200,000, I would divide $200,000 by 27.5 years to get the annual depreciation allowed for 100% business use, then multiply that by the business use percentage in the current year to get the allowable deduction for this year. What Turbotax is doing instead is taking the $200,000 x the current year business use percentage and saying that is my depreciable basis, so if I used it for business 30% of the time this year, it is telling me my depreciable basis is $60,000. Prior depreciation taken is over $60,000, so it is saying I get $0 depreciation deduction for this year. I think I should get a $2181 deduction ($200,000/27.5 x 30%). The way TT is doing it would make sense if I was renting 30% of my property each year, but not for my situation in which I am renting 100% of the property, but for different percentages of time each year. Any suggestions on how to fix this? The problem seems the same in Deluxe and Premier editions.
