Investors & landlords
Do you use the property for personal purposes also? If so, make sure you entered the number of days the property was rented in 2022, and number of days of personal use.
When you set up the rental property asset, and indicate that you first started renting in 1999, TurboTax calculates the 2022 depreciation amount for you. You don't need to enter a Prior Depreciation amount, TurboTax calculates that for you.
Depending on the % of Business Use, continue and you will see the 2022 depreciation number. If you never used the property for personal purposes, the yearly depreciation would be calculated based on Cost Basis. In the first screenshot, I indicated no personal use and 150 days rented.
In the second screenshot, I indicated 150 days rented and 14 days of personal use.
Check your entries in the Property Profile and Asset Entry areas.
