Hi MaryK4,
Thanks for your answer.
May I know how this number of $128,747 is got? And where does it show in TurboTax?
"TurboTax calculated $128,747"
"will make your depreciation expense for 2025 $11, 486". Did you mean for 2024 tax?
If I don't put down anything in the total previous depreciation, TurboTax auto generated total previous depreciation $73,571 and auto generated 2024 depreciation is $6564.
If I put down $0 for total previous depreciation, the 2024 depreciation becomes $11,080 instead of your print screen showed amount $11,486. The depreciation base $315,881 divided by 27.5 years should equal to $11,486.58. Why TurboTax shows $11,080? And where did it go wrong?
Thanks
