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Depreciation residential real estate

MikelG
Level 1

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 Comment 1
itonewbie
Level 15

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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