Why did my depreciation go down from 9906 in 2016 to 8668 in 2017 when nothing much changed? (rental property)

[MichaelDC]

Did you have any appliances or similar 5 year asset that ran out their depreciation in 2017? Let me know.

[bwith1]

no. there is only one asset depreciating,

[MichaelDC]

If it's the building itself, it shouldn't go down that much unless it's the year of sale or final year of depreciation.

[bwith1]

Are you saying there may be something incorrect with the TurboTax calculation? One more detail..there is a page where I entered days rented 331 (11 months) and days of personal use 0. Vacant for 1 month. Thanks.

[MichaelDC]

Ahaa!! A 10% reduction in days rented would bring about a 10% reduction in depreciation. See answer below. Thanks.

[MichaelDC · Accepted solution]

Enter 365 for the days rented in 2017.

Number of days Rented  - the day count for this starts from the first day a renter "could" have moved in. That should be your "in service" date if you were asked for that. Vacant periods between renters count also PROVIDED you did not live in the house for one single day during said period of vacancy.

[bwith1]

I changed this in the program to say that it was rented all year. The depreciation number did not change. What do I have to do to get the number to change?

[MichaelDC]

Exit the return. Close the browser (best to clear cache if you can). Restart your return, double check your days rented and cycle through the asset interview. LMK

[bwith1]

THe program is still showing the $8,688 number for depreciation (seems too low). At my wits end. IS there any way to fix this or do I need to end my business with TutrboTax?