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Yes, you must depreciate the property for every period of time that the property is used for the production of income.

Residential real estate is depreciated over 27.5 years. The first year uses the midmonth convention, meaning there is a specific percentage based on the month placed in service. For every year except the first, the percentage used is 3.636%. (For a few years it is 3.637%). Multiply that percentage by the basis to see if that is what is being reported.