Using Turbotax Premier 2019 Mac Download
For a Residential Rental Capital Improvement/ Flooring Depreciation
I entered it as a Real Estate Property/Appliance, Carpet
cost = 5557. In Service Date 7/25/2019. I chose to spread the deduction over 5 years. TT used % year/HY/200DB and calculated 2019 Expense of 1115.
It appears that TT depreciated the flooring over 5 years equally ( 1115/yr) and did not prorate the first year (2019) based on when the Flooring was installed ( In service Date - 7/25/2019). Is TT correct? or should the first year Depr amount be prorated based on the In Service Date
