First make sure you actually did have a full year of depreciation. If you entered the date you began renting it as November, 2020 then TurboTax would automatically select the correct depreciation unless you didn't use the step-by-step.
Yes, you should make the correction if you find it was not correct. You may owe money back depending on the amount of depreciation you should not have taken. Keep in mind the amendment should be completed by April 15th since that will be the three year statute, although there is no statute for a balance due.
The rental house should be entered by selecting Residential Rental Property and TurboTax will depreciate over 27.5 years. Enter the full amount of the purchase price plus purchase expenses then enter the portion for land only.
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