KrisD15
Expert Alumni

Investors & landlords

TurboTax does just fine if a rental is reported from the date it is put into service until it is converted.

If there is sporadic personal use, you would need to be creative by reporting that the rental activity was ended, and then restarted or by adding "Improvements" to adjust the basis. Adjusting prior depreciation is not a good idea as that should be a true running total.

The same is true for business vehicles that are not 100% business use. 

 

If you need to establish depreciable assets, it is advisable to use TurboTax Desktop and make necessary edits directly onto the forms.

 

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