For this year I am doing my taxes with TurboTax, but they were done by an accountant in prior years. For a rental property, the accumulated depreciation is too high, but the error was made farther back than the accountant has records for. My accountant told me to just continue to deduct the 1/27.5th of the value of the unit, but not more than the total value. But when I enter the incorrect/higher amount for the accumulated depreciation, TurboTax comes up with a lower number for the depreciation for this year. I think it is trying to take the remaining depreciation and divide it evenly over the remaining time period? Is that correct? If If I want to take the normal amount, is there any way to override that in TurboTax? I could not find one. The error was made many (>5?) years ago. In recent years the deduction has been correct.
Thanks,
GP Morton
