Colleen, I agree. Your answer was super helpful (after much confused reading on my part). THANK YOU! Would you recommend I go back and change the depreciation method (file an amended return for 2020)? Or is there another way to rectify the error in this year's tax return?
Turbo tax is so confusing b/c the software suggests this is a viable deduction for a rental property in the easy step guide. If it's not allowed, it shouldn't be offered - or the language should be simplified so its clear which types of rental properties can take this.
