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I purchased a home last year and rent out one third of the house. How do I set up depreciation on the portion I rent?
I short term rental a portion of my house I just purchased. I rent the bottom floor as a short term rental and live on the second and third floor. 1/3 is rental and 2/3 is my personal residence. Do I need to depreciate this property and if so how do I set up in Turbotax?
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‎October 11, 2021
6:10 PM