35pows
Returning Member

Proper calculation for depreciated cost basis of rental property.

Why is Turbo tax giving me this small depreciation?

Purchase price: ~$670,000

Land value: ~$410,000

Depreciation Results says that ~$3,500 will be depreciated over the next 27 1/2 years.

This does not compute!

Can anyone offer a suggestion please?

Thank you.