Incorrect depreciation calculation

I have put in the following in TT Business

Description: 4 store retail center

Purchase date: 01/01/2024

Cost/Basis: $1,750,000

Amount to be depreciated over 39.00 years $1,500,000

TT calculates $36,859 as year one depreciation

I get +$1,500,000/39 = $38,461.54

Why is TT calculating only $36,859?

3256

Level 15

Jan 18, 2025 11:50:13 AM

you only get 1/2 month depreciation the month it's placed into service

1500000/39*11.5/12=36859

Turbotax is correct.

Level 1

Jan 19, 2025 5:04:52 AM

Thanks