Carl
Level 15

Investors & landlords

My taxes show a 33% depreciation on my home.

Can you clarify that? That seems so far "out there" and off base. At best, only 3% of the structure value is depreciated each year. In your case, only 17% of that 3% would be deductible as depreciation.

To understand where I'm coming from, see IRS Publication 946 at https://www.irs.gov/pub/irs-pdf/p946.pdf

Use the worksheet that starts at the bottom of page 38. The table that applies is table A-6 on page 73.

My guess is that what you figure manually and what the program figures will be vastly different.