@kevinfifo wrote:
Therefore, depreciation for 2022 is 3/12 times $4,756/15 = $79.27.
Prior year depreciation has nothing to do with current year in the straight line method. IRS tables
Did you do it manually last year? As Rick pointed out, your method for calculating the first year is wrong.
That is also wrong. TurboTax does not use the 'tables'. It uses the mathematical method (without the 'tables') for calculating depreciation, and using that method the prior depreciation DOES affect the current year.
So it is your miscalculation of the prior year that is messing up the current year.
