@pcoatsfamily wrote:
Prior depreciation on the home being used by TT is $35,825 (It is an airbnb rental and it was not always rented out for the whole year). How does the calculation work taking into account the prior depreciation?
Sorry, but the TurboTax calculation is simply not going to work if prior depreciation was not consistent. The program just can't handle that scenario (there are others it can't handle either). You can enter the correct figure in forms view, I believe.
If the program returns a prior depreciation figure of $43,040, then the program calculation for the current year will be correct. If not, it will be off. That's just the way the program seems to work.
Re your tax accountant, there's no way I can determine whether or not she made an error based only on the facts you provided. I can say that if there was no personal use of the home and it was available for rental use all year, every year, then the depreciation deduction should have been higher, and the accumulated depreciation should have been $43,040 (or very close).
