i entered these days and am under the limits that would put me into using it for personal use too much and limit my deductions. However, it still tweeked the actual numbers down a bit, not by a large amount as before where it would only let me deduct up to the rental income i had received.
I now am able to enter the actual numbers and it shows a 6K$ loss for the year which is about right, mostly because i had to purchase a new AC unit at 6.5K$. I am going to depreciate this asset, i entered the numbers and it allows around 5.8K$ depreciation.
do i need to do anything for future years regarding this depreciation? i was under the impression depreciation is something i will need to enter every year for some time??
