What is the definition of "placed-in-service" regarding foreign rental property?

[George966]

I am a non-US citizen and I moved this January 2019  to the USA. I own since 2007 a rental property in the European Union which I still rent out.

Real estate depreciation begins, when the property is being “placed-in-service”.

Does “placed in service”  mean, the first day it could be placed in use for the purpose of US IRS accounting?

 I mean, is depreciation counted  starting from 2007  or 2019?

Is the “2019 adjusted basis” equal to the market price of January 2019 or the “ buying price of 2007”, since no US depreciation could be taken so far?

[tagteam]

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@George966 wrote:

Does “placed in service”  mean, the first day it could be placed in use for the purpose of US IRS accounting?

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That is apparently the case; the date you were first required to file a U.S. income tax return (the date you were first taxed on your worldwide income in the U.S.).

See https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/depreciation-on-overs...

and

https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/amount-of-depreciatio...