Investors & landlords

Somewhere in your inputs there is a disconnect.  Double check all your entries.

Additionally, depreciation as you noted is SLMM.

So depending on the month placed in service, depreciation will run from $12,495 to $545 assuming this is the initial year for depreciation.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.