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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.
‎January 24, 2024
9:22 AM