Why is TT business calculating $7000 in first year depreciation on a $1.15M asset?

[iOne]

I'm working on a trust return using TT Business.  The trust acquired a residential rental property in August 2018.  I entered this as an Asset under Schedule E.

Type of asset I, basis $1.2M, land $44k.  

TT Business selected MACRS R SL MM, and came up with $7060 in depreciation.  

But manually I come up with $15,768 based on using 1.364% for August from:
https://www.investopedia.com/articles/investing/060815/how-rental-property-depreciation-works.asp

What accounts for this difference?

[SweetieJean]

Is the property in the USA?

[iOne]

Yes, this is in the USA, under IRS rules.  It is a trust so form 1041 using TT Business.

[tagteam · Accepted solution]

" Yes, this is in the USA, under IRS rules.  It is a trust so form 1040 using TT Business."

I am getting $15,764 on a test return when plugging in your numbers (see first screenshot).

What can happen is the depreciation allocation can get out of whack where the trust is retaining a portion of the depreciation expense while a portion is being allocated to the beneficiary(ies).

You can change that allocation in Forms Mode in the depreciation allocation section on Sch E (see second screenshot). 

[iOne]

I solved it in the end by saving the return, and loading it back in to TurobTax.  I made no change, and the number ended up right back at the $15,764 it should have been in the first place.