How did you calculate the depreciation for 2021? If you put the property in service in 2021, did you account for the mid year or half year depreciation.
If you start using a property during a tax year that first year, the depreciation will likely be half of what it would be for the rest of the years. Example. If you bought a house for $100,000 depreciation for all years but the first and last would be $3,636 using straight line method. The first and last year the depreciation would only be $1,818.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
