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2023 Schedule E Depreciation Calculation Error
The 2023 Schedule E depreciation expense calculation appears to be incorrect from the automatic calculation within TurboTax desktop. It's classified as residential real estate, straight line and is a 27.5 year schedule. I can't identify why this seemingly simple calculation is not correct. This is an asset that I have been depreciating for several years prior to using TurboTax for the return preparation. Is there a way that I can override this and enter the figure manually? Note: I have double checked all the entries and all looks accurate on this, except for the calculation.
Thank you!
March 27, 2024
8:55 AM