@Anonymous wrote:
Am I doing this correctly?
That does not appear to be the case.
Since you converted the property exclusively to rental use in 2021, you should most likely have reported the income and expenses during the rental period for that year as well as reported the depreciation deduction for the appropriate period (i.e., depreciation would have begun on 12/15/2021 since the mid-month convention is used). Section 280A(g) usually applies to property used as a residence before and after rental periods and not merely after the property is converted to rental use.
If you want to indicate that the property was converted to rental use on 1/1/222, then the program is going to use the mid-month convention and depreciation will show the property as being placed in service on 1/15/22.
