Investors & landlords

Thanks @PatriciaV for your quick response.

"The remodel and renovation are called Improvements in TurboTax." I see there are 3 types of assets in TurboTax:

- Residential Rental Real Estate

- Appliances, carpet, furniture

- Land improvements

The remodeling are interior, involving flooring, painting, bathroom, windows etc. The 'Land improvements' seems only include external changes like fence, yard, roofing etc.  I used "Residential Rental Real Estate" for my house itself. What shall I use for remodeling/renovation?

Also, I am facing an issue to align TurboTax depreciation with my previous CPA result.

TurboTax computes the same annual depreciation of $6364. But it starts in the year we rented it out (1/2020) hence ends in 2047. But our CPA put it start at 10/2013 when we purchased the house, and hence will end at 2040. 

Between my CPA and TurboTax, which one is correct? Does the depreciation start right after we purchased the house in 2013, or only when we rented it out in 2020? 

It seems CPA is right based on my research. If so, how to tell TurboTax to recognize the starting date?

Thank you!