@Carl wrote:
....provided you clearly identify the starting date of it being classified as a rental, and the ending date of it being classified as a rental.
That will not work because the program will default to the mid-month convention (i.e., it will treat the starting date as the middle of the month and the ending date as the middle of the month).
The asset depreciation worksheet (or business percentage) can be adjusted to accommodate the depreciation allocation only (which would be more appropriate than starting and ending depreciation on certain dates - which will not work, regardless).
It should also be noted that expenses directly related to rental use are not prorated (i.e., no percentage of the expenses are allocated to personal use). For example, advertising for renters, commissions paid to rental agents, and repairs done during rental use (as a result of that use) are allocated 100% to rental use.
