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Investors & landlords
I am having the same problem with my rental property. The basis for the property is 205,000. This building cost only. The property was put in service 4/20/1999. Last year the property depreciation was $7,454 from my CPA's depreciation schedule. When I enter the depreciation figure for prior years in turbo tax, I get 27,225.00. What am I doing wrong? The property is a short term seasonal rental. Thanks for reading this problem.
March 6, 2023
4:35 PM