Last year my depreciation deduction was $5,900. It is the same this year but it's showing up as zero at the final summery section. How come?
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Your depreciation deduction will show up as zero this year if your asset has already been fully depreciated. I suggest reviewing your depreciation schedule to see if your asset was fully depreciated when you filed last years return.
I just purchased a new rental house in October of 2021 and keyed in the purchase price and improvements. I also noted that the property was available for rent approximately 80 days in 2021. However, I'm not seeing any depreciation for this property being populated in schedule ez?
Was this a converted personal residence by any chance ? Or did you enter in any personal use days ?
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