Rental Depreciation is $0

[jonesland1]

I am getting a result of $0 depreciation deductions on rental property that was put into service in 2022. I lived in the property for several years before I moved out and I started renting it full time in 2022.

I have the pdf of the previous filings which I used to the previous 2 year's deductions on the rental property. Those years the deduction was about $3500. This year the deduction is $0. This doesn't make sense to me. Can you explain or help me to correct my entries. Here is my entry information . . .

Rental Real Estate Property

Residential Rental Real Estate

Cost = $97373

Cost of Land = 126968

Date Purchased 01/01/1999

I purchased this asset

NO, I used this item for personal purposed before . . . .

Date put into service =10/01/2022

Percentage of time = 100

Total Depreciation claimed in previous years = $6934 (even if I enter $0 here, I still get $0 expense for 2024)

[jonesland1]

I figured it out.

I was entering the wrong amount for cost. Cost should have been $224341 ($97373 + $126968)