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Investors & landlords
Hmm, interesting, gotta think ahead about what's gonna happen when I sell.
BTW, while researching this prorating depreciation issue, I saw your comments in another thread about how the 'assets/depreciation' section will ask me:
'Did you stop using this asset in ___ year'
'Date of disposition'
'Special Handling Required'
I'm not being asked any of those questions. The only screen that affects prorating depreciation is a box to manually enter a % business use in 2019. In my case, I enter 66% because I stopped advertising on Aug 31 and that's my conversion date. That's 8 of 12 months = 66%.
Similarly in the 'expenses' section, for property tax and mortgage, I enter the 'entire amount' of tax and 'entire amount' of mortgage interest for 2019, but the software is NOT auto-prorating. It's not auto-inserting prorated numbers into Sch E or Sch A.
Do you know if 2019 TurboTax was redesigned not to ask those asset questions, and NOT to auto-prorate? If so, do I have to prorate tax and mortgage by hand?