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Investors & landlords
I did not use TurboTax for 2023.
The TurboTax for 2024 did not copy any info from 2022. Everything started from fresh. I manually typed in all the information.
It's more weird for any my rental property depreciation.
The cost is $159,013. Date in Service is 4/1/2009. The depreciation for 2022 is $5,783.
I put down the above cost amount and date in service and put $0 for previous total depreciation. The depreciation for 2024 is $0.
For testing purpose, I changed the date to be 4/1/2019, everything else is the same, the depreciation for 2024 is still $0.
Why is that? How can I make it to be $5,783 for my 2024 depreciation for that property?
‎February 16, 2025
11:00 PM