Hi all,
I'm trying to enter the cost of a new roof that I put on a rental in October '22. It only cost $4,294 because I roofed it with my wife and a friend - but when I enter the cost into turbotax and proceed, it tells me that it will depreciate at a rate of $33/year over 27.5 years with straight-line depreciation. Is the system glitching or am I doing something wrong? The SL depreciation should be at $156/yr over 27.5 years in order to equal the cost of installing the roof.
Thanks!
