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Investors & landlords
Hi Carl,
A year later and I am back to this thread, hoping I could ask for your input on my 2023 return.
For 2022, I had 3 bedrooms in a home rented separately, I lived there for part of the year.
1. For Bedroom 1 rented/available from 1/1/22 - 12/31/22: First Year rented
2. For Bedroom 2 rented/available from 6/24/22 - 12/31/22: First Year rented, Converted to rental
3. For Bedroom 3 rented/available from 12/24/22 - 12/31/22: First Year rented, Converted to rental
For 2023, all 3 rooms were rentals, still rented separately. I put the property as one entity in Turbo for 2023 and added the income and expenses for all 3 rooms. I wanted to ask if I should be concerned about Turbo's
automatic depreciation calculation for 2023 or if that stands correct considering the setup in 2022.
Thank you in advance.