Rental depreciation appear to be incorrect

[Gabbyyy]

I have a cost basis of $169k (this already removed the land value) and I started renting 7/1/2024. Based on the 27.5 year schedule and the fact that I only rented for half a year, it should result in $169k / 27.5 / 2 = ~$3k, but what I got was ~$1.4k. Does anyone know what’s going on?

[MarilynG1 · Accepted solution]

Go back to the Property Profile for your Rental.  Make sure when you indicated number of 'days rented in 2024' that you enter 0 for 'Personal Use Days' (referring to during the time it was rented). 

Let us know if this doesn't resolve your issue, and we'll try to help further, but this is a common error when first setting up a rental property. 

@Gabbyyy