EDIT: I stand corrected. There is fine print that specifically instructs you to not include any days prior to renting out the property as personal use days. See comment below for details.
Hello,
I believe there is a bug in the Turbotax software.
My rental property was rented out for part of the year for the first time in 2021.
Turbotax asked me to input the number of days rented vs number of days for personal use (see screenshot).
Turbotax also applied an adjustment for the partial rental on top of the IRS adjustment for partial year rentals, arriving at a basis of depreciation far too low.
There is no way for me to adjust this as turbotax recognizes the total depreciable amount (correctly) to be $465,097 (see screenshot 1), but (incorrectly) does both adjustments (see screenshots 3 and 4) behind the scenes. See caption for each screenshot to see reproduction of calculated amounts.
The tax returns have already been accepted so I need help amending this + this should probably be fixed.
Thank you!
