I converted a primary residence to a rental property. It was a primary residence for 304 days and a rental for 61 days (rented the last two months of the year). The cost basis is $494,865 so as I understand it, the depreciation for the last year, should be $2,249.39 that I can deduct for the last year, however, turbotax calculates this at $376. It's taking the ~2250 amount and dividing by the amount of time it was used as a rental. But this means that it's doing this twice.
The only way I can fix this is if I say that it was rented for the full year, in the about the property questions. Please help or explain to me if there are a different set of rules that apply in this situation, can't seem to get help on the phone.
