First, thank you very much for responding so quickly.
"However, this year it was no longer true" is related to my original question I asked several days ago, that is, 4 replies ago in this stream. The following (in italic font) is my original question:
In review the just completed 2021 tax return, I observed the following:
Form 4562 "Depreciation and Amortization Report" for Tax Year 2020
Prior Depreciation = 54167, Current Depreciation = 8766
Form 4562 "Depreciation and Amortization Report" for Tax Year 2021
Prior Depreciation = 61484
54167 + 8766 ≠ 61484
(I used TurboTax for both my 2020 and 2021 tax returns, and the Form 4562s for both years were generated by TurboTax)
I have another rental property which has the similar discrepancy in Form 4562s between 2020 and 2021.
Can you explain why such discrepancy?
From my perspective, I am still renting this property, and I have no plan to convert it to personal use or to sell it in the foreseeable future. My concern is the discrepancies in the Form 4562s generated by TurboTax in 2020 and 2021. Was that because I answered some interview questions wrong? Or was there something else affecting the depreciation value?
