IRS Pub. 946, table A-13, page 83 Residential Rental Property Placed in Service After 2017 Straight Line--30 Years Mid-Month Convention Year 1, month 4: is 2.371% Should be (8.5/12)/30 = 2.361%
How do we know which other items are wrong? How do we get this fixed?
It's not truly "wrong". There is a 0.01% rounding error when you use the full year rate of 3.333% for 30 years. The IRS chose to include the rounding error in the first or last year rate depending on which year had more than 6 months of depreciation. The "error" you noted can be found in the year 1 rates for property placed in service during months 1-6, and in the last year rate for property placed in service during months 7-12.
Ira Smilovitz, EA Leonia, NJ
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