Prior year on new rental property was $600 for one month. current year wont let me take more than 1200 for the year at full rental - confused

[Anita01]

Could you clarify please?  Do you own the rental property?  What was $600?  What does "won't let you " mean?  What happens in the program?

[dlg2016]

my first year I rented the home for one month.  I detailed the property value and improvements to deduct depreciation from my one month rental for 2016.  For that one month it was $600.  For 201 (12 months rental) turbo tax says my limit is $1271 in depreciation.  which is less that 2 months compared to last year.  It results in my rental income being all taxable.

[Anita01 · Accepted solution]

I'm glad it worked for you.  Sometimes reviewing your inputs and making changes in things like % of time used for business is all it takes to get correct numbers in your return.

[Anita01]

Edit the property asset showing under Assets to review all your entries.  For 2017, during the interview, make sure you say the property was used 100% for business .

[dlg2016]

I am not finding that question anywhere

[dlg2016]

thank you that worked yeah!!!!