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Business & farm
It sounds like you may have accidentally selected that the residential real estate property is in a foreign country. Double check that to remove the selection if applicable.
The MACRS convention should be set to MM which means mid-month. This simply means that for the month placed in service and the month removed from service a half a month depreciation is claimed. Every full month uses the full month of depreciation.
Please update here if you have additional questions and we will help.
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March 15, 2025
5:39 AM