I have gone through the asset depreciation for my short term rental unit. The depreciation details page shows a depreciation expense of 2,224. However, when looking at the unit Rental Summary, the asset/depreciation line shows 0. I checked schedule E line 18, and the 2,224 is included there. However, I am struggling to see how this number is changing my Federal Tax Due. It looks like depreciation is not being calculated into the number as it is not being reduced when I finalized the depreciation tab. Anyone else having the same issue or figures out how to fix this?
*Note: the rental income is 0 in the screenshot as i was playing around with this number to see if it would have any effect on depreciation. It does not.
