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Get your taxes done using TurboTax
Roseleena thank you for participating in our Ask The Experts day!
Turbo tax can handle the change in % use of your rental. Here is a resource that discusses the steps involved:
Once you enter the effective date of the change in % the program will properly calculate the depreciation (the cost basis does not need to be changed). You will have to keep track of expenses prior and subsequent to the % change so the allocations of expenses will be correct. Best wishes on the move to your new home!
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‎October 25, 2023
11:21 AM