@Carl I really appreciate your answers.
This property was never used for personal purposes, nor converted from my residence, so no questions there, I was just thrown off by TurboTax calculating things differently than I expected.
For everyone following along, any money spent on painting, cleaning, repairs, maintenance, & utilities (normally expenses) between the time it is purchased and the time it is ready for rent (placed into service) is classified as part of the acquisition costs (improvements) and is depreciated, not deducted, correct?
If I replace the appliances during that time, I can enter those separately, so the are correctly depreciated over 5 years, instead of 27.5, right?
For insurance, real estate taxes, and mortgage interest, do you have to prorate that between depreciation (for the time between purchase and put into service) and an expense (for time after it was put into service)?
For Loan Origination Fees, do they start at time of purchase or date the property was put into service?
