Depreciation on second home converted to rental property

[Kenneth_71]

I bought a second home in 2020 and my daughter lives there. We rented a room to her friend in 2021 and I've included that income in TurboTax as a property newly converted to a rental. I also specify  the room is 23% of square footage , but nowhere is TurboTax calculating depreciation. I keep going through the EasyStep Assets/Depreciation section of Rental Properties in Wages & Income, but TurboTax lists depreciation as zero. Thanks for any help. 

[RobertB4444]

Check the list of steps here and make sure that you are entering everything correctly.

[Carl]

Most likely, you are incorrectly entering percentages.

Percentage of square footage you've already established as 23% of the entire property.

Percentage of business use should be 100% (One Hundred Percent)

Percentage of personal use should be ZERO percent.

The last two only apply to the 23% of the property that is rental.

Finally, the percentage of time should be asking percentage of floor space, so on that screen enter 23%.

Then, the depreciation will be correct.

[Kenneth_71]

Thanks. The steps provided above were helpful but I needed to know this as well. 

[Kenneth_71]

Thanks! Since the EasyStep asks "Did you buy any items for any business, rental property, and/or farm that cost $2,500 or less in 2021?" I selected yes since I bought a new range for the property when I rented it. The next step is about deducting these items as expenses, and I answered yes to both questions. It then skips the step asking me to input the value of the house. After doing the loop three times, I changed the answer to no and was able to enter all the info and still given the option of deducting the range as an expense (so a little confusing and frustrating).