DianeW777
Expert Alumni

Investors & landlords

Be sure you are entering the purchase date and then the date placed in service and that you have selected Residential Rental Property (see image below).

 

The depreciation may vary by a few dollars because in certain years the percentage changes ever so slightly from the 3.636%.  There is an article that will help you as well due to the transfer of assets and your experience. This provides specific guidance for you about how to make sure all of the assets are entered correctly.

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