So I bought a rental property in July 2022 and after calculating the depreciation on it for the last half of 2022, turbo tax showed roughly $1600 depreciation which everything seemed normal. This year for 2023 tax year, I started going through the depreciation prompts in turbo tax and it shows or acts like the depreciation for 2023 should be around +/ -$3000 which kind of make sense because it is double the previous year (6 months). The problem I am running to is at the end of the prompts when you click "done", it reverts the depreciation value for 2023 back to $0.
This is my first rental property and I am not sure 100% how the depreciation is supposed to work. Should I expect to see a depreciation of around $3000 every year for the next 27years.
The rental property had a purchase prices of $112000
