rental property depreciation value discrepancy

Albert90029 · ‎March 23, 2026

I noticed that my rental property depreciation value is different from last year and this year. I tried to delete and recreate, it still show the different value, is there anything I need to do? I attached a screenshot for your reference, thank you so much for your help!

Mike9241

Were assets placed into service in 2024? You would only get depreciation for part of the year, while in 2025 it would be for a full year. This seems possible because the rental income nearly doubles from 2024 to 2025. If not, it's impossible to determine if there's an issue because we know nothing about the assets. It also seems unusual that other expenses dropped from 2024 to 2025

Albert90029

thanks for your reply! the previous tenant moved out, it took couple months to repair and rent out, that's why the income doubled, but the rental property depression should be same right, but turbotax shows this year is much higher, do you know how can I fix it to show the same amount like last year for asset depression? thanks

MarilynG1

If you didn't change the Cost Basis of your Rental Property, yes, the depreciation should be the same each year. If you had a couple months vacancy, you would just have less Rental income that year, so not sure why your say 'the income doubled'.

If you added any Improvements as an additional Asset, you could have more depreciation if you elected Bonus/Special Depreciation for that asset this year. This would increase your total depreciation, when added to the regular depreciation of the rental. Or, if you added a new Business Vehicle, you could also have more depreciation, depending on how you claimed it.

You could step through your asset entries again from the Asset Summary page to verify this.

Here's more info on Depreciation of Business Assets and Business Vehicle Depreciation.

@Albert90029

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