My rental property was rented from January 1 to the end of February 2022. Then I sold the property in early May 2022.
In turbotax when I follow the prompts for sale of rental property, there is only one field for:
Date you sold / retired from use:
The date I sold (May 4, 2022) is different from the date I retired from rental use (Feb 28, 2022).
If I put the May 4, 2022 date then the date sold in form 4797 is correct but the rental property depreciation is calculated till May 4, 2022 which is false, it should be calculated till Feb 28, 2022.
How can I put the correct date when the property was rented vs the date the property was sold, so that all forms are correct?
There was a similar case before and the question asked is almost the same. One answer posted was to use sold date. But then the depreciation is calculated for 4 months (2 extra months), which is wrong, since the house was not rented during the last two months. Anyone has a better idea? Help is appreciated.
