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Depreciation on Rental Property Not Calculating
I've owned a rental property for 3 years where I rent it out for about half the year and use it for personal use about 10 -15 days out of the year. I rented the unit for 180 days in '21 and '22, and 121 days in '23. Does that make any difference as to why depreciation is not calculating?
Turbo Tax calculated the depreciation on this property in 2021 and 2022 Returns, Schedule E, yet it is not showing up in my 2023 return, Sched E. All information has properly carried over from '22 to '23. I had $8,500 in rental income and $8,500 in expenses before depreciation in 2023. I've answered all questions the same in '23 as in '21 and '22.
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‎April 6, 2024
10:59 AM