Thank You for running the numbers for me. I am still confused.
The figures h from Turbo Tax are incorrect from my point of view. As I understand the depreciation at the end of the 27.5 years the value should be zero. Therefore if I multiply the estimated expense for the 100% business use, it should equal the cost basis figure of $205,000 right? Taking the 10,471.00 figure times 27.5 equals $261,775.00 or 56,775 over the cost basis of $205,000. Using the same logic with my figures for past filings, done by my CPA the figure is short by approximately one percent. Per the IRS the allowed annual percentage rate for SL MM is 3.636%?
To sum it all the figure I am getting on Turbo Tax is approximately 3.5 times larger than previous years numbers and I can not figure out what I am doing wrong. I am using the 100% business use.
Thanks
carzysailor
