CatherineR
Employee Tax Expert

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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