MarilynG1
Expert Alumni

Investors & landlords

No, you are probably not doing anything wrong.  The Form 4562 for Depreciation (and related forms) have just been finalized by the IRS recently.

 

Check that your Rental Property is entered correctly in the 'Property Info' section and also in the 'Assets' section.

 

If so, try running through the Rental Topics again to see if Current Year Depreciation is calculating correctly.

 

Click this link for more info on Rental Property Depreciation you may find helpful. 

 

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