walkerkc2
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That fixed it -- thanks! One last issue and I am done. My Turbotax smart worksheet schedule E for this property says on line M that "Vacation Home Depreciation"...
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Unable to copy the form into this window. Form 4562 says:date in Svc Cost (net land) Land Bus Use % Sect 179 Spec Depr Allow Dep Basis life 04/01/20...
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Great answer -- I am getting closer. Using Pub 946, TableA-6, I use 2.576%. My 227915 basis for depreciation x >02576 = $5871. Turbotax calculated $6644. Which ...
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Mid-month convention explains the 257296 depreciable basis. It does not explain how Torbotax got 6644. The only way to get 6644 is to decrease my adjusted basis...
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I just figured out what Turbotax did. It multiplied my343261 adjusted cost basis by .7514 (placed in service on 1 April, so used 75.14 % of the year) to get 257...
Activity Feed for walkerkc2
- Posted Re: Depreciation Calculation for rental to personal use to rental property again on Deductions & credits. March 19, 2021 9:34 AM
- Posted Re: Depreciation Calculation for rental to personal use to rental property again on Deductions & credits. March 19, 2021 8:42 AM
- Posted Re: Depreciation Calculation for rental to personal use to rental property again on Deductions & credits. March 18, 2021 1:54 PM
- Posted Re: Depreciation Calculation for rental to personal use to rental property again on Deductions & credits. March 18, 2021 1:35 PM
- Posted Re: Depreciation Calculation for rental to personal use to rental property again on Deductions & credits. March 18, 2021 6:30 AM
- Posted Re: Depreciation Calculation for rental to personal use to rental property again on Deductions & credits. March 17, 2021 5:35 AM
- Posted Re: Depreciation Calculation for rental to personal use to rental property again on Deductions & credits. March 17, 2021 5:34 AM
- Posted Re: Depreciation Calculation for rental to personal use to rental property again on Deductions & credits. March 16, 2021 2:46 PM
- Posted Re: Depreciation Calculation for rental to personal use to rental property again on Deductions & credits. March 16, 2021 12:22 PM
- Posted Re: Depreciation Calculation for rental to personal use to rental property again on Deductions & credits. March 16, 2021 10:09 AM
- Posted Re: Depreciation Calculation for rental to personal use to rental property again on Deductions & credits. March 16, 2021 6:41 AM
- Posted Re: Depreciation Calculation for rental to personal use to rental property again on Deductions & credits. March 15, 2021 2:27 PM
- Posted Depreciation Calculation for rental to personal use to rental property again on Deductions & credits. March 15, 2021 1:18 PM