russell29
Returning Member

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!