@DavidD66 wrote:
you should not depreciate you house if it was only used as a rental during 2022.
I disagree. While I realize that Publication 946 makes that comment, I think it is partly incorrect.
The Regulation clearly states that assets that are subject to the Half-Year and Mid-Quarter convention can not be depreciated it they are "placed in service" and taken out of service in the same year, that does not apply to real estate because it uses the Mid-Month convention. There is no similar rule for that for the Mid-Month convention.
TurboTax correctly does not let you depreciate non-real estate if they are placed in service and taken out of service in the same year. But it also correctly DOES let you depreciate real estate when it is placed in service and taken out of service in the same year.
