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Investors & landlords
Yes, putting the date that you started renting the property will have TurboTax calculate the partial year depreciation.
A couple of things to note:
When you are entering your rental property, make sure that you check the box “I converted this property from personal use to rental in 2015” at the “Do Any of These Situations Apply to This Property?”
When you hit the screen, “Was This Property Rented for All of 2015?, say yes even though you converted it during the year; this is for the time you had it as a rental and doesn’t mean all year long.
June 4, 2019
1:14 PM