Years: 27.5
MACRS Convention: MM
Method: SL
Depreciation Starting Value (minus land): $310624
Date Placed in Service: 10/27/17
Business Use: 55.63%
Prior Depreciation: $2068
2017 Business Use was: 87.88%
2017 Depreciation (assuming 100% use): $2353
2017 Depreciation (with 87.88 use): $2068 - what TT reported last year
The depreciation deduction it calculated this year was $6256
I cannot arrive at this number manually and cannot determine how TT is determining this number.
You'll need to sign in or create an account to connect with an expert.
TurboTax does not use the 'tables' for depreciation.
$310,624 x 55.56% = $172,583 = Unadjusted Business Basis for 2018
$172,583 - $2068 = $170,732 = Adjusted Business Basis for 2018
$170,732 divided by 27.29 years (the remaining portion of the 27.5 years) = $6256
TurboTax does not use the 'tables' for depreciation.
$310,624 x 55.56% = $172,583 = Unadjusted Business Basis for 2018
$172,583 - $2068 = $170,732 = Adjusted Business Basis for 2018
$170,732 divided by 27.29 years (the remaining portion of the 27.5 years) = $6256
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
bobboka
Level 1
daklin
Level 2
Farmgirl123
Level 3
grahamconway
New Member
mniksg
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.