DianeW777: Your instructions work perfectly for my Mom's personal return done with Turbotax Deluxe, but I must do the Estate return with Turbo Tax Business, and it behaves differently than TurboTax Deluxe. For the Estate Return, I want to add the home as a rental property with an acquisition cost equal to the stepped-up basis, and then to depreciate it only until 9/30/23 when the home was vacated so it could be made ready for sale. TurboTax Business does not offer “Special Handling that takes the asset out of service without selling it.
I did verify that in TurboTax Deluxe I could add a 27-1/2 year property acquired on my Mom’s date of death and convert it to personal use on 9/30/23, and it prorates the depreciation as you would expect.
Any suggestions would be appreciated. Thanks!
