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Get your taxes done using TurboTax
Yes, you are 100% clear. You can do it exactly like that to have one rental activity for the same property, using the partial rental portion for the first part of the year, and then the entire property for the remainder of the year. As a reminder, keep the total depreciation amount used for the two rooms from start to finish. This is all you will need later when you sell the property from that time period.
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2 weeks ago