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Rental property conversion
I converted my rental property to personal use Nov 1 of 2021 and TT comes up with a different number for allowable depreciation expense on my sch E work page than what I would expect 303/364 of 12 months of SL depreciation. TT applies a "vacation home loss limitation", but I cannot find where this is calculated.
‎April 9, 2022
10:51 PM