Placed in service means that it was ready and available for a renter to occupy. If it was, then you can include it in 2019.
To enter the rental:
Go into your TurboTax return. Not sure you're in there? Click on the orange Take me to my return button.
- Search for rentals and then click the "Jump to" link in the search result.
- Answer Yes to the question Did you have any rental or royalty income and expenses?
- We'll first ask you to enter general information about your rental (description, address, ownership percentage, etc.)
- Follow the on-screen instructions as you proceed through the rental and royalties section.
- Eventually, you'll come to the Rental Summary screen which is where you enter your:
- Rental income
- Rental expenses
- Capital assets and depreciation
