@eltinian I think if you provide some additional details they will see what your question is:
- Your father owned the property up to a certain date
- You were gifted the property on a certain date
- Provide @Carl with the date the property was gifted to you
- They should then understand that your father receives some depreciation up to the date of the gift and then you receive the depreciation post gift. Since this didn't occur on 1/1/2021 each return only gets part of the year depreciation.
- Your question is how to split the depreciation
- Having said all of that, you will need to complete your father's portion of depreciation up to the date of the gift in order to input the correct accumulated depreciation.
- I am not certain that TT will be able to correctly handle the post gift part year depreciation.
- Hopefully one of the other responders will be able to advise on that.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
