When you receive a rental property as a gift, you also get as a gift, all the prior year's depreciation, as well as all the passive activity carry over losses (if any) from the giver. Your depreciation history will be identical to that of the giver. Therefore, your "in service" date will be identical to that of the giver.
I believe that's what I'm doing right now (date acquired/date in service are the exact same as his, as well as the calculated prior accumulated depreciation, etc.). However, the calculated depreciation that TurboTax says I should claim for this year is the full amount for the year rather than a portion of it (he claimed depreciation for N number of months he owned it before gifting it to me. Not sure what software he used to get that). How do I get the other portion (12-N months) of depreciation? Let me know if that makes sense or if I should clarify, thanks in advance for your time!
