- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
No you would claim depreciation only for the number of months you owned the property. Also, a mid-month convention is used for all residential rental property. Under this convention, you treat all property placed in service, or disposed of, during any month as placed in service, or disposed of, at the mid-point of that month. TurboTax will automatically use the mid-month convention.
‎June 3, 2019
1:26 PM