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Investors & landlords
either enter 35% of cost or enter full cost and enter business use as 35% on the same form that the property is entered. (line 6)
if depreciation for a full year is 10K you don't get 75% because of the mid-month convention for rental property.
say rental started in april you will only get 8.5/12 of the $10K as the depreciation.
‎April 16, 2021
12:42 AM