- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Thank you so much about posting this info about how to tell TurboTax to use the MACRS table. I have been trying to figure out why TT was not calculating depreciation correctly. I have a mixed-use rental property (74.52% business use), and I had completed Worksheet 5-1 "Worksheet for Figuring Rental Deductions for a Dwelling Unit Used as a Home" from Publication 527. For the life of me, I could not get TurboTax depreciation to agree with this Worksheet (which I KNEW was correct) until I told it to use the MACRS tables. I have been struggling for many hours. After doing numerous searches, I found this post where you were dealing with the same issue I had. I'm so glad I found this and that you made it very clear how to fix the problem!
THANK YOU!!