Several things you need to check on your end. Elect to edit the asset.
Third screen in is "Tell us about this rental asset"
The "COST" minus "COST OF LAND" should equals $117,267.
Date purchased or acquired will be May 1st, 2016 or earlier (before that date) This date does not matter for depreciation purposes at all.
Next screen, "Tell us more about this rental asset"
Select that you purchased it new, and also select used 100% of the time for business. You select 100% because after your "in service" date it was *IN FACT* used 100% for business. What you used it for prior to the in service date just flat out does not matter.
The in service date I used was 5/1/2016 but any date prior to 5/20/2016 gives the same exact results in the end. (as it should).
Next screen, "Asset Summary"
Shows 1st year depreciation of $2,665 - spot on the money.
So walk me through what you did so I can duplicate it to get the same wrong results as you did.
