831769
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

sandyabe
New Member

Why doesn't turbotax deduct the 2.5% of the unadjusted asset basis of rental property?

Why doesn't turbotax deduct the 2.5% of the unadjusted asset basis of rental property when calculating the dedcution?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Why doesn't turbotax deduct the 2.5% of the unadjusted asset basis of rental property?

Simply repeating the question down in the "Message" section that you already asked up in the "Subject" box isn't much of a help when it comes to a reader trying to understand what you're asking about.  What deduction are you talking about here?  It appears that you're talking about depreciation, though that's not clear.  If you enter you information into TurboTax properly it does calculate depreciation.  And what's "the 2.5%" you're referring to?  A rental house - which may or may not be what you're talking about here - has a higher depreciation rate then that.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question