- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Asset Entry Question - Date placed in service is year following purchase
I have a vacation rental that is also my primary home. Each year I rent 4 summer months and live in it for the other 8. I am in the process of entering an asset on my Schedule E. The purchase date is 10/7/22. The first week of rental season starts May 7, 2023. I am at a loss as to how to answer the questions on the TurboTax interview, I.e. date placed in service. Is the asset reported on the 2022 or 2023 return?
Topics:
March 16, 2023
5:08 PM