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Investors & landlords
I found where I enter the amount I have depreciated in prior years, but when I entered the correct amount, it still tells me that I get $0 depreciation, and that I only have 27.5 years to fully depreciate. It shows this:
Years to fully depreciate 27.5 years
MACRS Convention MM
Depreciation Method SL
Cost Basis $53,900
Cost of Land $5,368
Date started using 09/10/1990
Business use 100%
Section 179 deduction $0
Help!
‎June 8, 2020
1:56 PM