Investors & landlords


@GrantM wrote:

Still not finding the right answer. 


 

I've told you TWICE the probable right answer about the carpet.  The accountant probably incorrectly used the mid-quarter convention.   Ask the accountant about it.  Don't try to force TurboTax to match an incorrect method.

 

Also, as I said before, WHEN was the property first available to be rented?  That is the date the building was "placed in service" and probably the date the carpet was "placed in service".  You can't use a "placed in service" date before the property was available for rent.  If the accountant used a different date (which would change the depreciation for the building), ask the accountant about it because it is probably wrong.

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