Why doesn't TurboTax Premier allow for depreciation at 50% when a rental property is 50% owned?
I know answers to posts explain in order to get the right depreciation values I need to enter the asset values at 50%. Why?
Why doesn't turbotax do this? It does the 50% calculation for rental property income/expenses at 50% but not depreciation.
I looked back at a 2014 turbotax rental property and it had the depreciation (Schedule Worksheet Line 18a column c ("Reported On Schedule E")) **AS 50%.** The checkbox and entry are set at 50%, the values entered at 100% and TurboTax does the rest.
I don't understand why.
