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Investors & landlords
Can you clarify what you mean here by "Use that same business % to determine the depreciation that was taken each year it was used as a rental property."? I'm in the same situation. Turbo Tax knows how much depreciation has been taken on the property and on each capital improvement when it imported last year's return. If the property was always a rental, never converted to/from personal use, but some personal days each year, when entering the business use percentage during these dialog, should it just be 100%?
‎August 10, 2020
1:59 PM