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Investors & landlords
@armand53 wrote:
....it is fundamentally flawed to allow a full year's depreciation over just two months of operation.
I agree, but if this were a widespread issue, more users would seemingly be reporting it.
I would suggest reviewing your forms and dates on those forms (e.g., the date sold on Part III of Form 4797).
There almost has to be some anomaly in terms of data entry; the program should calculate your depreciation deduction through the date of sale and not beyond. Personally, I have been unable to produce the result you are seeing although I am using TurboTax Home & Business for testing purposes.
March 25, 2020
2:43 PM