I have questions about the depreciation using TurboTax Premier.
After moving in August, I just rented out our primary house (128 days renting in 2023, before that we lived in the house).
About the depreciation, I have several questions:
1. How to answer this question shown in TurboTax?
Any prior depreciation? Enter the amount of depreciation you were allowed to take on this property.
Depreciation taken before May 7, 1997, ( ）
Depreciation taken after May 7, 1997, ( ）
2. I typed in the information (cost buying the house, the value of house now), but it shows $0 depreciation for the next 27 years. I think there should be something wrong.
3. The value of house, which one I should use, the value for property tax, the value from home insurance, or estimated value from Zillow?
Thanks！
