Hi,
I converted a single family residence to a rental property in 2022. I had a cost segregation study done and have separated out 5, 15, and 27.5 year depreciable items. I would like to take 100% bonus depreciation on the 5 and 15 year items. Under the asset section of Turbotax Premiere (online), I enter each (5, 15, and 27.5 year) separately and check the "special depreciation" box for the 5 and 15 year. However, after getting everything in and hitting continue, it doesn't seem to register. The 27.5 year items keep disappearing every time I log in; and while the 5 and 15 year items remain, the special depreciation doesn't change the taxable income listed, which should be very negative.
Am I going about this correctly? How do I get the bonus/special depreciation to work?
