Yes, the property depreciates over 27.5 years. When you enter the information about the rental, TurboTax will calculate the depreciation and show it on the Depreciation Schedule.
This article will guide you through the steps to enter the rental property in the return. The depreciation will start in the month when this was deeded in your name.
Entering Rental Information
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
