crazysailor
Returning Member

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.