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Deductions & credits
In order to be able to claim any depreciation for 2020 for the portion of the year that the property was used as a rental, you will need to amend the 2020 tax return.
You can enter the information for the Asset (solar panels) on the 2021 return, showing that it was placed in service as part of the rental in 2020. The current year and future years' depreciation will be calculated, but you will not be able to claim any amount for 2020 without amending.
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March 27, 2022
6:23 AM