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.
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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
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