I would like to depreciate my rental property using the ADS method of 40 years. I was told to override the depreciation type on the Asset Worksheet (Line 45) and change it to ACRS, update Asset Class to R, and change recovery period to 40 years. However, when I change all of this, Turbo Tax calculates depreciation expense of $0. The depreciation expense should not be zero. How can I change this?
