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kedves
Returning Member

Depreciation increase

Last year (first time I used TurboTax) I entered the data for the rental properties, TT gave the depreciations.
This year, without changing any data, TT gave about 40-50% higher depreciations. The properties are in California and Mexico.
Is any explanation for this?

Added later: Sorry for not telling, in both years, 2018 and 2019, all properties were rented out for the whole year.

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3 Replies
MinhT1
Expert Alumni

Depreciation increase

This would be the case when the properties were put on the rental market mid-year in 2018, and depreciation in 2018 was not for the full year.

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Carl
Level 15

Depreciation increase

Assuming the rental property was placed "in service" in 2018, (has nothing to do with when you started using Turbotax) I would fully expect the 2019 depreciation to be higher. The 2018 depreciation is pro-rated based on the specific month you placed the property "in service" as a rental.

 

kedves
Returning Member

Depreciation increase

Sorry for not telling, in both years, 2018 and 2019, all properties were rented out for the whole year.

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