The 2022 depreciation for a piece of business equipment seems to be calculated incorrectly by TurboTax 2022 Home and Business. It is a 7-year life item using the 200DB/MQ method. According to several online depreciation calculators I've tried, the 2022 depreciation should be $1,036. Instead, TurboTax shows $1,262. I used TurboTax in previous years (2017-2021) and all of those calculations were correct (compared to the online calculators for double-declining balance depreciation). I've attached screenshots below that show the 2022 TurboTax entries and results. The $10,232 prior depreciation calculation is correct.
Please let me know if I'm missing something or if there is a bug in the calculation made by TurboTax. Thanks!
