rented out a room in condo

[helow]

TP rented out one room (about 33.3%) of his condo. The basis for the condO is $284,560 (building only). When depreciating the building, shouldn't the depreciation be calculated on 94,844 (33.33 x 284,560). The program multiplied the whole basis of the condo which I think is not accurate.

Thanks

Helow.

[helow]

TP rented out one room (about 33.3%) of his condo. The basis for the condO is $284,560 (building only). When depreciating the building, shouldn't the depreciation be calculated on 94,844 (33.33 x 284,560). The program multiplied the whole basis of the condo which I think is not accurate.

Thanks

Helow.

No need to reply. I resolved the problem.

Thanks

Helow

[Margaret CPA in OH]

That just goes to show you how really great is this forum! We all help each other by just being here so that we can work through issues in many ways, for example, by typing and posting a problem. Voila! The answer is revealed. Sorry, Helow, just getting punchy.