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Incorrect rental depreciation calculation by TT

TurboTax usually uses the mathematical method of depreciation, rather than using the "tables".

 

The order of the math is a bit questionable, but many other software brands do the same thing, so I don't know if it is actually wrong or not.  It very well might be right. 

 

If you don't like the way it is calculating it and if are using the CD/downloaded version, you can go into the "Forms" and into the "Asset Entry Wks".  Scroll WAY down to the very bottom and check the box to use the "tables".

Incorrect rental depreciation calculation by TT

with varying % of business use, you must check the box to use Use IRS tables for MACRS property.  failure results in Turbotax incorrectly calculating the current year depreciation

 

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