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Depreciation Amount not Matching Prior Return
First year using TT Business. I have a Rental Property that we have owned since May 2016. It was setup by a previous preparer. The first year was calculated using 179 using 5/12/2016, Basis=111,540, 27.5 yrs S/L. Depr Deduction-$2,535. Next years are $4,056. When I enter all this information into TT, the amount is off by $1,000. do I need to make it match? If so, how do I do that?
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‎January 3, 2021
5:41 PM