bjmt
Level 2

Investors & landlords

Ok sorry @Carl but this has got me confused again.

I will readjust cost back to original cost minus prior years depreciation.

As outlined previously, there WAS personal use *after* I converted it back to rental. Rental restarted in May 2022 but ended Oct 2022. It was back to primary residence in November and Dec 2022. Does this change anything?

Date purchased or acquired: 09/02/2015

Date I started using it in this business: 10/01/2015

Percentage of time I used this item for this business in 2022 (e.g., 80%): 100.00

Where am I inputting "in service date"? Again, the expenses in Turbotax in Schedule E has been reflected as 50% of everything (and 50% for mortgage interest and property taxes in Deductions and Credits). Both sections were calculated by TurboTax once I input the full amounts under EXPENSES / ASSETS (DEPRECIATION).