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Deductions & credits
Sounds like you've got a handle on this now. Just a few notes for the "new" rental property that is now 100% rental use.
- indicate it was rented "the whole year" and/or 100% business use. The program will base that selection on the "In service" date of May 1st, and will figure accordingly for things like depreciation.
- You "may" have a question that asks you percentage of "time" it was rented for the year. Again, indicate 100%, as the program will figure based on the in-service date.
May 7, 2021
8:24 PM