I'm using TurboTax Premier (desktop) for TY 2025 after my CPA announced her retirement. She produced depreciation tables for various DST (fractional real estate) assets thru TY 2024. When I enter the assets and property types, TurboTax returns the correct 2025 values for assets in the 27.5 and 39 year (straight line) classes, and also returns correct values for the 15 year 150 Declining Balance (150DB) class property. But when I enter assets which use the 200DB method, TurboTax returns the same value for 2025 that my CPA used for TY 2024. It should be less for 2025 because the 200DB method is not linear. I deleted the asset(s) and re-entered them using correct property type, cost, and placed-in-service date several times to no avail. No Sec 179 or bonus depreciation was claimed. As a validation check, I entered all the same information into a web-based depreciation calculator and it returned the correct values for 2025. The TT calculator appears to be a year off. Can someone at TT double-check the 200DB calculator embedded in the program?
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It seems you have a good understanding of how the depreciation works. Attached is a table for your to review the assets you are specifically looking at in your return. If the rates shown do not compare to the depreciation in your return, please update here for next steps. Keep in mind that only 3,5,7 and 10 year property can use the 200 Declining Balance. The chart can be found here.
Wow - - Thank you Diane! Color me stupid: The web-based 5-year calculator I used (calculator soup.com) is different than the official IRS 200 GDS shown in the table included in your link. Sure enough, the depreciation factors for years 4 & 5 are the same:
1 - 20%
2 - 32%
3 - 19.2%
4 - 11.52%
5 - 11.52%
6 - 5.76%
Conclusion: TurboTax's calculator for 5 year, 200 GDS property works just fine. Thank you!
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