I purchased a property in April 2022, lived in it till October and rented it out from October to end of year.
Essentially owned the property for 262 days out of which it was rented for 90 days or 34% of the time owned in 2022.
While calculating the depreciation amount, TurboTax is multiplying the depreciable basis of the property by 0.34 and further by the depreciation factor for 3 months which is 0.75.
Is this accurate?
Shouldn't the depreciation be depriciable basis multiplied the depreciation factor for the time the property was rented?
