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Get your taxes done using TurboTax
When you enter the roof into TurboTax as Residential Rental Real Estate, you will be asked to enter the date you put it into service. It will be depreciated using straight line depreciation, so the depreciation for the first year will be calculated using the number of months it was in service. So in this case, you will get one half year depreciation if you put it into service mid-year.
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‎February 1, 2024
3:44 PM