- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
The program didn't assign a depreciation value, it calculated a depreciation value based on the information you entered when you created the asset. You can't change the amount of depreciation. If you make changes to the asset (e.g. enter a different cost basis or change the asset type) it will change the depreciation calculation, but it will also recalculate the accumulated depreciation expense. If 2024 was the first year the rental property was in service, making changes isn't a big deal. If it was placed in service prior to 2024 it's not a good idea to make changes.
Why do you want to change the amount of depreciation expense?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 26, 2025
9:02 AM