@Anonymous_ wrote:
@AmeliesUncle wrote:
The method that TurboTax uses and the changing business percentage is what is causing that result. It has always done it that way, although I am unsure if it is doing it correctly or not.
Yes, the problem with the program is the way it's coded for rental use and personal use with respect to expenses and depreciation.
I was referring to TurboTax using the mathematical method of depreciation (without the "tables"). The mathematical method is perfectly fine to use, but it a bit unclear if the 'order of operations' that TurboTax uses is correct. The 'order' that TurboTax uses results in the depreciation trying to 'catch up' (be larger) when the business percentage increases, and it 'gives back' (be smaller) when the business percentage decreases.
Do you know if the CD/downloaded version has the option to use the "tables"? I think the Asset Entry Worksheet might be a little different in TurboTax than it is in ProSeries. In ProSeries, it is on the Asset Entry worksheet, scroll WAY, WAY down to the bottom, and there is a checkbox that you can use the IRS depreciation "tables". Checking that should give the results that the OP is looking for.
