Investors & landlords


@StatenIsland wrote:

I anticipated depreciation to be 385,655/27.5 = $14,097

 

Also I have updated Prior Depreciation to be equal to original 2018 return.


 

 

Unless I am entering it wrong, 385,655/27.5 is 14,024, not 14,097.

 

You need to enter the "prior depreciation" that SHOULD have been taken (unless you previously took too MUCH depreciation, in which case you may need to enter the amount you actually took).  If you leave the "prior depreciation" BLANK the program will assume the proper amount was taken.