Hi James,
Thanks for your reply. The FMV is $360,000 and the net RMV is $335,380 from the property tax statement. With the lower one, the number of the basis of depreciation is still very off. The depreciation basis number TurboTax filled on the form 4562 is $89,496, which is close to $360,000 * 91/366, that it took the whole value and only considered the rental days portion from 2024, and it's not right. Many thanks!
