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turbotax not taking into account date in service for reporting depreciation
Hi,
I was checking my 2022 return filed through turbo-tax, and although I had put my rental information which was placed in service in Aug 2022, turbotax did not report the depreciation for that year.
1) Can I now amend it online given its 2024?
2) When I try to amend it online, turbotax reports whole year depreciation, although I bought this property in Aug and started renting it from Aug. Do I need to manually report the prorated depreciation?
3) When I file the amended return, will Turbotax automatically carry over the loss to 2023 report and I can then amend that return as well? Do I need to also file form 3115?
Thank you
‎August 5, 2024
7:02 PM