The TurboTax's depreciation result is different from what I calculated last year using another calculator.
my house cost is $280,023
I brought it in 2014 and start to rent it in 2019.
Use the other real estate calculator:
Recovery Period 27.5 years (shown in Form 4562 line 19h)
2019 depreciation is $9,758.38
2020 depreciation is $10,182.65
But when I use TurboTax this year, there are two problems:
the Recovery Period becomes 30 years, not 27.5 years;
and the 2020 depreciation is $9,306, not $10,182
why they are different?
I hope someone can answer me, thanks!
