Depreciation on Rental

[DarbyRamsdell16]

I rent half my home which is also my primary residence. The Schedule E is correctly capturing my other expenses (insurance, property tax, etc) as 50% deductible, however Turbo Tax is expensing 100% of the depreciation on my rental.

It seems like Turbo Tax either marks business use % on rental properties as 100% or 0%, while I need 50% business use to be used in my depreciation report. Is anyone aware of how to update the business use %?

[MinhT1]

When entering the rental portion of your home as an asset, you should the value of the asset as 50% of the cost basis of your home (excluding land).  

This would make TurboTax calculate the correct depreciation for the rental portion of your home.

Please read this IRS publication, paragraph on Renting Part of Property on page 23.

[Carl]

Pay attention to details, as that's very important here. There's two basic things you're dealing with here.
1) What percentage of the property was used for rental? (50% I take it)
2) Of that 50% reference in 1) above, what percentage of the time in 2025 was it used as a rental? (100% if it was classified as a rental for the entire tax year)
I can't give you the specific questions you'll be asked, because it depends on selections made in prior screens to get to this point.