Depreciation is based on the business use percentage. If you indicate that you used the property 100% of the time as a rental, you will receive a full year of depreciation expense. If you indicate that you used it at least part of the time for personal purposes (not listed as a rental all year), TurboTax will calculate an allocated amount of depreciation.
If you moved into your rental and made it your personal residence during the tax year, you need to divide up your expenses. Identify the expenses you incurred while it was a rental versus the expenses you incurred while it was your home. Report only the expenses incurred while it was a rental for the rental property.
If this property was listed for rent all year (including the time you used it for personal purposes), enter the total amount of your expenses. TurboTax will allocate the rental portion for you.
@wleighton
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