Residential Real Estate, including Improvements, is depreciated using the Straight-Line method.
To confirm you set up this property correctly, review your Depreciation Report from last year. In the Method/Convention column, you should see SL/MM (straight line/mid-month). The recovery period (Life) should be 27.5. Also confirm that the total depreciation (prior plus current) at the end of last year was not more than the Cost of the asset.
Note that you cannot change your depreciation settings once you begin depreciating an asset, unless you made a mistake. Even then, you need IRS approval to correct the error.
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