DianeW777
Employee Tax Expert

Investors & landlords

You are working with the TurboTax CD/Download version and there is a slight variance in the screens.

 

You do need to check 'YES'  that you have always used this item 100% of the time for business (until it was converted). You have already placed the correct conversion date and marked the appropriate boxes. Once you answer 'Yes' to the 'Special Handling' you will see the depreciation deduction for 2022.  There is no need to answer yes to personal days because there were no personal days during the rental period.  TurboTax knows how to calculate the depreciation for 2022 based on the conversion date.

 

NOTE:  If you had at some point said 'NO' to Special Handling be sure you select that again to go through and remove any data that might be there.  Finish until you reach the 'Your Property Assets" page again.  Select your assets and go to that screen again to say 'YES' to Special Handling'. This was tested and the Form 4797 was removed from the list of forms.  See the images below.

 

 

@BJB61 

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