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Investors & landlords
I converted from personal use to rental on Feb 1, 2020, so was 59 days personal use
Ummmmm.... no. It was not a rental for the first 32 days of the year. Perhaps you meant to say you converted it on Feb 29th? That would be 59 days then.
Either way, if you did not use the property for any type of personal use after the date of conversion, then you select the option to indicate you rented it "the whole year". The program will figure depreciation from the in service date then. Additionally, you only enter rental expenses incurred after you converted it to a rental.
The program will still correctly figure the split between SCH E and SCH A for the mortgage interest and property taxes.
But you'll have to check the property insurance, as you may (or may not) have to pro-rate that, claiming 1/12 of the insurance payment for each month the property was in service, on the SCH E. The remaining property insurance isn't deductible at all on the federal return.