Investors & landlords

I get the same numbers with Desktop Deluxe when I create a 2022 return using your numbers. Because the business % changed for some reason TurboTax is trying to catch up the depreciation because it thinks the first year should also be 72%

 

it's doing the following

first year actual 6159

first year 8.5 months with 72% business use 9312

under depreciation Turbotax thinks 6159- 9312 = 3153

remaining life 27.5 - .708333 = 26.79167

3153 divided by 26.79167 =118

13146 +118 = 13264

 

what the Turbotax expert may not be doing is going back to 2022 and using 47.62% business use % and then creating the 2023 return transferring prior year data or maybe this bug only exists in some versions.