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Level 2
March 20, 2023
Question

Depreciation residential real estate

  • March 20, 2023
  • 1 reply
  • 4 views

Why is depreciation on current year Sch E not the same amount as on depreciation schedule amounts for current year depreciation?

Why is prior year depreciation on line 17 form 4562 not the same as prior year line 22 form 4562?

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1 reply

itonewbie
Level 15
March 20, 2023

Did you check whether you rolled over the correct return from last year?

If so, did you check whether last year's return was inadvertently changed since it was filed?

If prior year depreciation was changed, it may then have a knock on effect on the current year's computation for methods like DDB.

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