It might help also if you could provide the cost basis being depreciated, along with the exact date the property was placed in service. That way, I can "work the math" and that might help us see where the issue is. Most of the time it's because an number of "personal use days" greater than zero was entered, when it should be no personal use days at all.
There's no way the reader can assume your first two amounts are added together. As I originally read it, I was seeing two physically separate assets.
Property Assets (furniture, appliances and other stuff?)
Townhome (the actual structure itself)
The SEC179 depreciation would be on the non-structural assets such as furniture/appliances, since the actual structure itself is not eligible for SEC179 or the Special Depreciation Allowance (SDA)
The SEC179 depreciation allows you to depreciate a portion or all of the cost of the asset in the first year only. I am assuming that 2022 was not the first year. After that first year, the remaining amount is depreciated over the class life of the asset. (For appliances and furniture, the class life is 5 years under MACRS GDS or 7 years under ADS)
Note also that once your rental expenses including depreciation gets your taxable rental income to zero, that's it. (Exception below). Any remaining losses (which can include depreciation) are just carried over to the next year. You'll see the carry over amount reflected on form 8832.
Exception: If you meet certain requirements (and a fair number of rental property owners do) then once your expenses gets your taxable rental income to zero, up to a maximum of $25K of those excess losses can be deducted from "other" ordinary income. However, you must indicate that you actively participate in the rental activity (different from materially participate) Then, anything after that is carried forward on form 8832. Of course, you've got to have that "other" ordinary income to deduct it from.
Now if you'll look at the IRS Form 4562 that prints in landscape format, and is titled "Depreciation and Amortization Report" that form (which is an unofficial form) will give you details that should help you understand and/or figure out where any mistake was made.
It might help also if you could provide the cost basis being depreciated, along with the exact date the property was placed in service. That way, I can "work the math" and that might help us see where the issue is.
