Investors & landlords


@MD80 wrote:
If I let TT calculate depreciation from Nov/Dec, I am incurring loss in rental income which i cannot claim.

TurboTax is calculating your depreciation deduction based upon the mid-month convention, which is correct.

 

Your rental property is treated as if it were placed in service at the middle of November (11/15/2020) for the purposes of calculating the depreciation deduction.