Hello,
I have started renting what used to be my primary residence (since 2018). In service date for rental was Sept 2023. Am I allowed to take depreciation this year?? Turbo Tax doesn't seem to be guiding me through it.
Also, I have to prorate all expenses (HOA, Insurance, Property Taxes & Utilities) for the rental period correct? I thought TurboTax would do it automatically, but it is not, so I'm entering in the prorated values based on my manual calculations.
Thanks!
