Depreciation of vacation rental

Forum|Forum|6 years ago
December 7, 2019
2 replies
13 views

depreciation limited by vacation rental percentage

Lacerte Tax

This topic has been closed for replies.

Accountant-Man

Level 13

Yes.

** I'm still a champion... of the world! Even without The Lounge.

J

JackW

Level 3

Re depreciation for a vacation rental property -currently the full amount of depreciation is being calculated. How do I limit it to the rental/total days used %? It seems like the % will change every year.

abctax55

Level 15

Do you have the asset(s) marked as vacation rental (Code 11) on Screen 22 under "Forms"... or are you using Code 3?

HumanKind... Be Both

George4Tacks

Level 15

Yes

https://accountants-community.intuit.com/articles/1863579-rental-property-depreciation-not-flowing-to-schedule-e

https://accountants-community.intuit.com/articles/1861982-entering-a-vacation-home-for-schedule-e

Answers are easy. Questions are hard!

S

StknCPA

Level 5

Naturally, more dead links.

Has anyone figures out a way to use these? Is there part of the link that can be replaced that makes them work?

qbteachmt

Level 15

"Is there part of the link that can be replaced that makes them work?"

I use google:

Lacerte vacation home

And find:

https://proconnect.intuit.com/community/federal-taxes/help/entering-a-vacation-home-for-schedule-e/00/5662

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