We converted our primary residence to a rental this year and it seems like TurboTax is calculating depreciation differently than I have read it should.
Our cost basis at purchase (minus land price) is 147,979, so using straight line depreciation at 27.5 years I calculate that depreciation should be 5,381 dollars per year. Since we put it into service June 15th for 54% business use it should be 2,905 dollars of depreciation this year, but TT suggests 1,586. Any idea why?
