- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Thank you for your help and detail.
Yes, I filled out all the fields but it was overcompensating for depreciation. I rented my house out part time many years ago but only started full-time in 2016. I understand I can manipulate the numbers to get the right depreciation amounts (prior last year and the year before) but I don't want to do that, as it will make it difficult for next year.
Yes, I entered the asset as 100% rental property with 100% business use. Yes, I let the program 'do the math'. TurboTax informed me that I cannot manually manipulate the depreciation in the online version, only in the desktop version.
‎January 7, 2021
7:02 AM